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Updated about 5 years ago,

User Stats

23
Posts
10
Votes
Matt Lord
10
Votes |
23
Posts

Transfer tax. Personal name into LLC

Matt Lord
Posted

I purchased a rental back in September in my personal name. I'd like to move ownership into a new LLC. I spoke to the title company and she said I'd have to pay the full 2% transfer tax and there's no way around that.

I was hoping I could sell it to the LLC for $1 or do a quit claim deed or something similar, but she says no. Any idea on how to cheaply more the title around? This is in PA btw. Thanks

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