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RE: The Tax Holy Grail for the Whale Investors- Orginal Post was incorrect

in #tax7 years ago

Yet another question:

"CPA here, I'm pretty sure this would only work if the C- Corp was substantive. That is you could not create a shell C-Corp that only held the crypto that you contributed. The IRS would likely "pierce the corporate veil" and treat the C-Corp as if it it did not exist."