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To my understanding, that only works if the corporations are still owned by a master entity. It wouldn't do anything if, for instance, an apartment complex of 1
by HWR_14 5y ago
To my understanding, that only works if the corporations are still owned by a master entity. It wouldn't do anything if, for instance, an apartment complex of 1,000 units was split into 1,000 corporations that paid a non-profit HOA, and each of the 1,000 corporations just happened to have the same ownership by natural persons.
- octoberfranklin 5y ago> and each of the 1,000 corporations just happened to have the same ownership by natural persons. That's called "common control". The tax code has been dealing with these shenanighans for decades: https://www.law.cornell.edu/uscode/text/26/1563 https://www.law.cornell.edu/uscode/text/26/1563