Bought a house in personal Name, want to sell from LLC...no?yes?

[Fayyaz Bhinde]

Hey guys, so some background. 

I bought a tax foreclosure property under my personal name. I now have a buyer for it, but want to do a quitclaim deed and transfer it into a LLC before selling it next month.

Is this a good route? Normally its sold under personal name, but I will have more than 1 property closing and don't want to jump tax brackets and pay more taxes, so I am considering creating an LLC and transferring the property into that and then selling it.

Any downsides/negatives to this route?

Any positives to this route?

Please let me know guys!.

Thanks!

[Bob Norton]

@Fayyaz Bhinde The income from the LLC will pass through to you and you will end up paying the same amount of tax any way. Save the costs of setting up and moving the property into an LLC for this sale.