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LLC Transfer Tax in TN
If you transfer an investment property from your personal name to a single member LLC in Tennessee, is there a transfer tax?
I just listened to a podcast that suggested this applies in some states, but not others. After a quick Google search, I did not see this as listed as an exemption in TN.
It appears to be $0.37 for every $100.
Does anyone here know whether this would apply in this situation? Thanks in advance. Merry Christmas to those who celebrate.