Transferring Personal Property to LLC

[Phil Contreras]

Good day,

We have a property in Connecticut that is fully paid off. We are currently renting it under our personal name but would like to know how we can transfer the property into a LLC.

The main question though is, if I were transfer my property into a LLC, will this trigger a taxable event?
(Example: Property bought at 100k and now worth 300k transfer to LLC)