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Updated over 4 years ago,

Will Kirkendoll's profile image
Will Kirkendoll's profile image
Will Kirkendoll
  • from Lorain, Ohio
  • Member since Apr 29, 2017
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111
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53
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Will Kirkendoll's profile image
Will Kirkendoll's profile image
Will Kirkendoll
  • from Lorain, Ohio
  • Member since Apr 29, 2017
Connect
Will Kirkendoll
  • Lorain, OH
53
Votes |
111
Posts
Tax, SDIRAs & Cost Segregation

buying an LLC, looking for advice

Will Kirkendoll
  • Lorain, OH
Posted

hey Bp, I have a question looking to get help with it.

I'm looking to buy an LLC that holds title to a piece of real estate. when the llc bought the property it was quit claim deeded for "0.00" If I buy the llc lets just say for 60k and sell it for 90k will I be taxed on 90k since the llc acquired the property for "0.00"?

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