Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply
Tax disadvantages for transferring rental properties to S.M. LLC?
Are there any tax disadvantages to transferring rental properties to a single-member LLC with disregarded status? In particular, would this have any adverse impact on the stepped up basis applied to properties inherited from an estate?
Most Popular Reply
Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
- 3,153
- Votes |
- 3,846
- Posts
Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
Originally posted by @Travis M.:
Are there any tax disadvantages to transferring rental properties to a single-member LLC with disregarded status? In particular, would this have any adverse impact on the stepped up basis applied to properties inherited from an estate?
No, there are not. Sure you have factored other issues such as higher insurance cost, due on sale clause and such.
- Ashish Acharya
- [email protected]
- 941-914-7779
Investor Friendly CPA®
215 Reviews
5.0 stars