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Updated over 5 years ago on . Most recent reply
What happens tax wise when switching property personal to LLC?
Need to know the Tax implications of switching and how this is accounted for?
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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#5 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
@Jason Crowe there are none.........an LLC is a Disregarded Entity for tax purposes. The LLC income is your income. This would probably be a good time to get a CPA. ;))