Guest mab Posted November 8, 2002 Posted November 8, 2002 John Doe owns an LLC with real estate. He also is a 49% owner in a corporation; an ESOP owns 51% of the corporation. Does anyone know whether the LLC can lease a building to the Corporation without PT issues? My initial concern is whether 4975©(1)(A) comes into play; specifically whether the ESOP is regarded as entering the lease because it is a 51% owner in the corporation. Tx in advance for any feedback.
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