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Yes. Real estate is capital. If you realize a gain and sell this year, the tax on the gain is 15%. If the House Democrats get their way, the tax rate will revert to 25%.
Unlike individuals who pay tax on dividends received, your C-corporation does get a break from dividends received from other C-corporations. The tax break is called the dividends received deduction.
The amount of the deduction depends on the level of ownership the receiving corporation has in the sending corporation. The deduction varies from 70 percent to 100 percent (subject to some restrictions on the earnings of the corporation).
Using the DRD the receiving corporation may pay little or no income tax on dividends received. Any amount that is taxed is taxed as ordinary income.