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Updated almost 9 years ago on . Most recent reply

Larry Flanagan's profile image
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Larry Flanagan
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  • from Midwest, USA
  • Member since May 31, 2012
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Larry Flanagan's profile image
Larry Flanagan's profile image
Larry Flanagan
  • Investor
  • from Midwest, USA
  • Member since May 31, 2012
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Larry Flanagan
  • Investor
  • Midwest, USA
33
Votes |
204
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Tax, SDIRAs & Cost Segregation

Land trust issue

Larry Flanagan
  • Investor
  • Midwest, USA
Posted

I sold a house owned in a land trust. My LLC is the beneficiary and I am the trustee. The proceeds check is written to the 123 Main Street Trust. The trust does not have an EIN or bank account. I am having trouble cashing this check...

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Joe Homs's profile image
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Joe Homs
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  • from Mission Viejo, CA
  • Member since Apr 3, 2014
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Joe Homs's profile image
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Joe Homs
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  • from Mission Viejo, CA
  • Member since Apr 3, 2014
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Joe Homs
  • Flipper
  • Mission Viejo, CA
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Joe Homs
  • Flipper
  • Mission Viejo, CA
Replied

Tell the escrow company to rewrite the check in the name of the LLC.

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