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Updated about 1 year ago,

Dan Weber's profile image
Dan Weber's profile image
Dan Weber
Agent
  • Realtor
  • from Portland, ME
  • Member since Sep 9, 2015
Connect

User Stats

625
Posts
543
Votes
Dan Weber's profile image
Dan Weber's profile image
Dan Weber
Agent
  • Realtor
  • from Portland, ME
  • Member since Sep 9, 2015
Connect
Dan Weber
Agent
  • Realtor
  • Portland, ME
543
Votes |
625
Posts
Tax, SDIRAs & Cost Segregation

Tax Implications of Adding a Partner to LLC

Dan Weber
Agent
  • Realtor
  • Portland, ME
Posted

To all of the CPAs out there - I need help! I have an LLC that is the owner of multiple rental properties. This is currently a single member LLC that does not currently have an EIN. What are the tax implications of adding a second partner to this LLC? I did a 1031 exchange this year with this LLC and intend to do a cost segregation as well, if any of that matters. Any and all help is appreciated!

  • Dan Weber
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