Monday, May 28, 2007

SCORE is not set up to be a free tax planning service. The nerve of some people!

QUESTION.
I am subject to AMT and I am wondering if real estate invetsment makes any sense. I understand that because of AMT, any deductions would be lost. Is setting up a C Corporation or an LLC an option that would allow me the benefit of the deductions? Thanks.

ANSWER.
SCORE helps people who want to start a business, run a small business, found a nonprofit, or run a nonprofit. Your questions don't seem to fit any of those four topics. Sorry I can't help you. Good luck! Regards, -Jeff

Jeff Lippincott
SCORE.org Counselor
Princeton, NJ
scoreprinceton @ aol.com
www.scoreprinceton.org
www.jlippin.com

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