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Updated almost 4 years ago,

User Stats

4
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0
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Narinder Singh
0
Votes |
4
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transfer real estate from LLC (myself and my wife are member)

Narinder Singh
Posted

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

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