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Updated almost 7 years ago on . Most recent reply

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5
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Rob Rogers
  • Rental Property Investor
  • Alexandria, VA
1
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Transferring Rental to LLC; Capital Gains?

Rob Rogers
  • Rental Property Investor
  • Alexandria, VA
Posted

My wife and I are planning to transfer a few personally-owned rental properties to LLCs.  How are capital gains handled during the transfer?  Are there any other issues to consider?  

Most Popular Reply

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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied
@Rob Rogers there is no gain during a title transfer so there is no capital gains tax due. I would talk to an accountant or attorney because some states have a transfer tax that could be due.

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