Land Trust Lease/options and taxes
We have purchased a propertyand placed it into a Land Trust. Can we legally lease/option the house to our corporation for a set amount? Which inturn lessens the capital gains (personally)? In doing so can the property still be depreciated on personal taxes? Purchase @ $100K L/O to our Corp. $105K Corp sells @ $130k Capital gains (personal) $5k Corp profit $25K which can be used for benifits/business trips. I know corporations pay a higher tax over $50k (double tax) but money in a corp can by used for many other benifits? Thanks Sire

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