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Updated over 4 years ago,
Looking for someone to share experience with taxes.
Hello. We own 2 condos in Texas: 1) one under my daughters name "PROP 1" and 2) another under my wife´s and my name "PROP 2". I just incorporated a single member LLC in Texas to house real estate investments. In short, from a tax perspective, is it a good or bad idea to transfer PROP 1 and PROP 2 into the LLC? Anyone have experience doing this? Would welcome any type of suggestions. Thank you!