I am wondering about the experiences of other people who were in an LAQC and who have transitioned to a LTC. How has the transition gone, has there been an impact on your tax return(refund) and if so, how great has that impact been.
The background to my questions are that we are still LAQC and have 1 month left to elect to transition over and i'm not sure if we want to do that or stay as QC and then gift the shares in the company to a trust... Our loss each year is currently sitting around roughly $2-$5k depending on mainly interest rates and our R&M bills...
Any advice and experiences other people have had around the transition would be greatly appreciated.
The background to my questions are that we are still LAQC and have 1 month left to elect to transition over and i'm not sure if we want to do that or stay as QC and then gift the shares in the company to a trust... Our loss each year is currently sitting around roughly $2-$5k depending on mainly interest rates and our R&M bills...
Any advice and experiences other people have had around the transition would be greatly appreciated.
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