Yes, I have been running into many people who have problems with the probability of an increase in the capital gains taxes. The Taxes are proposed to increase after January 2011. Some of my clients have properties in a "C" Corp. and they would be double taxed on a sale. A "C" Corp. takes 7 years to become a Sub-chapter S corp, which has fewer taxes. Sometimes you can sell the stock of the corporation instead of the real estate. But, in that case the purchase has to take on the original basis.
(Get a good tax attorney and become friends with him.) Then you will be ahead of your competitors.
Oct 7, 2010