PLR 201725022: C Corp Rental Income Not Passive

In PLR 201725022, the Service ruled that rental income from operations received by a C corporation, which intends to elect S Corp status is not passive investment income under Code Sec. 1362(d)(3)(C)(i).

See PLR 201725022 by clicking here.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.