Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
transfer property from trust to llc
I want to transer my property which is owned by my personal trust to a LLC I just set up. The property is in Michigan. It's currently in state forest program for tax deduction. Now I wish to transfer it to a LLC. Here is the question:
1. Will I lose the tax deduction from forest program?
2. Currently the LLC is under my name. Can I change the owner of the LLC to my trust?
3. Can I do the transfer with a quit cliam deed in Michigan?