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Updated about 5 years ago,

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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
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2,834
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Hey CPA person, can I sell my duplex to my LLC?

Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Posted

I own a duplex in my name only. I also own other properties in my LLC, which is comprised of two other unrelated partners.

Can I quit claim deed my duplex over to my LLC, and have my partners pay me directly for 2/3 value, without incurring any capital gains tax?

Of note: my own CPA has this question and has not gotten back to me yet, and I haven’t tackled the “due on sale clause” issue yet either.

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