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Updated almost 8 years ago,

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10
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0
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Jonathan Depa
  • San Diego, CA
0
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10
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Paying Transfer Tax twice when xfering to LLC?

Jonathan Depa
  • San Diego, CA
Posted

Hi

My partners and I are looking at an investment property that has a 4% xfer tax to be split by the buyer and seller. We are going to do a quit claim deed and move the property to a LLC after close (aware of DOS clauses). My question is, after we move the deed to the LLC, would we have to pay the transfer tax AGAIN?

Thanks