Transfer Rental Property from One LLC to Another LLC

[Mak K.]

Hi,

I need to transfer a property from A1 LLC to another B2 LLC. It is paid up property with no mortgage or leins.

> What is the process and how much does it cost? Is it something DIY?

>For the Tax returns, how does the transfer show ? Does the purchase cost from original A1 LLC get transferred to B2 LLC? How do we move the cost basis, depreciation from one LLC to another?