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 almost 4 years ago,
transfer real estate from LLC (myself and my wife are member)
I had this property with a partner and loan and deed was on his name.
We were filing the tax in the LLC 1065.
I bought this property from him through escrow in LLC.
Like to take advantage of depreciation for this property at the price I bought from my partner.
How can I file tax still on same LLC name and file get new depreciation limit or I transfer property on my name( Since this is my individual LLC) and file taxes on my name and take advantage of depreciation the price I paid. Need help.
Thanks