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Updated almost 8 years ago,

Adam Gross's profile image
Adam Gross's profile image
Adam Gross
  • Investor
  • from cherry hill, New Jersey
  • Member since Sep 3, 2011
Connect

User Stats

6
Posts
3
Votes
Adam Gross's profile image
Adam Gross's profile image
Adam Gross
  • Investor
  • from cherry hill, New Jersey
  • Member since Sep 3, 2011
Connect
Adam Gross
  • Investor
  • cherry hill, NJ
3
Votes |
6
Posts
Buying & Selling Real Estate

quit claim deed single member

Adam Gross
  • Investor
  • cherry hill, NJ
Posted

I own a property free and clear. It may appraise at $100,00. My mortgage company is suggesting I quit claim the deed to myself personally to take cash out. My Single Member LLC, paid $37,000 for the property, how will this effect my taxes.

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