Skip Navigation
StreetEasy

Any TAX advantages out of a FRIENDLY LOAN

Started by proy1426
almost 16 years ago
Posts: 39
Member since: Jun 2009
Discussion about
Our legal counsel in NYC suggested using a NY Corp as the right vehicle to buy our new Condo unit. Estate taxes were the main reason considered. Now someone suggests (not the attorneys: they would charge some extra hours to provide an opinion) that getting a friendly or private loan may help lowering the income taxes...Before I ask the attorneys (and pay for those extra hours) I wanted to know if someone out there has already had the positive experience of those eventual income tax advantages. If that is the case, I will then request the attorney's advice. Thanks
Load More Comments

Add Your Comment

Most popular

  1. Bought in 2012, selling now at 100+mm dollar loss
    25 Comments
  2. 35 Sutton Place...coming soon
    61 Comments
  3. Why Are More Millionaires Renting?
    139 Comments
  4. Dentist and gold crowns
    23 Comments
  5. ALDIs coming to Hells Kitchen
    30 Comments