Transfer Property to LLC and Tax on Selling Profit

[Jay Truong]

I have 2 scenarios that I would like to ask on the tax. At this point, I don't know whether I should do it.

1. I want to transfer a property I just purchased to my LLC A on title using the Warranty Deed. I purchased it for an amount of $x. If I sell it 5 years later for $y, would my company be taxed on the capital gain ($y - $x) or would my company be taxed on the full selling price $y?

2. I want to transfer another property I purchased to my Incorporation B on title using the Warranty Deed.I purchased it for an amount of $x. Then I will give 50% share of my company to my brother. If we sell it 5 years later for $y, would our company be taxed on the capital gain ($y - $x) or would our company be taxed on the full selling price $y?