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All Forum Posts by: Brendan Scully

Brendan Scully has started 1 posts and replied 3 times.

Thanks. Can anyone confirm? What if I sell to a partner LLC. That would still be a related party but at least not a straight pass thru.

I have a rental that I lived in for two years. It has been a rental the last two years and I plan to sell it soon in order to take the capital gains tax exempt. However, I would like to keep it if possible. I have formed an LLC for future real estate investment. Can I "sell" it to my LLC at current market value with a quit claim deed and take the capital gains tax exempt?