This year (tax year 2018), elect to change to a disregarded entity and then the new Texas property can be in a different LLC (also treated as a disregarded entity). 2.

It will be reported on page one of 1065 if you file partnership return or on schedule C of your personal return if you file 1040 for disregarded entities. 

Disregard this..miscommunication involved.

The LLC will be taxed as a partnership and will not be considered as a disregarded entity for IRS purposes.The asset we are purchasing will be a condo in Colorado (we live in CA).

A quote at 6.85% & 2.5 pts (Lender and Broker combined) at 75% LTV  5/1 ARM 30 Yr Amortization on a purchase with a 765 FICO and just 1 other owned properties felt like a pretty good offer (Borrowers DTI was too high for bank) When we presented an 85% LTV and 8.150% and 3.5 pts on a 10/1 ARM 30 Yr Amortization - the borrower jumped at it for the extra LTV even though he had the liquidity to move forward on either.Sometimes situations shock you, I almost completely disregarded the second quote but turned out to be the winner for hte borrower.

@Steve@Steve Hall I am not a 1031 expert by any means, but from what I've found I will still be able to quit claim into a single member llc that is a disregarded tax entity, then any future sales will come from that. 

@Nik DivakaruniIf you're treating the LLC owned by you and your wife as a disregarded entity, selling it to someone would generally be considered an asset sale.Like @Basit Siddiqi mentioned, there's no reason for you to get a K-1 (i.e. remain an equity investor) going forward as you have sold. 

And completely disregard that property condition is already included in the appraisal.Anyway.. we've had a few cases like those the past 2 years.

No.Technically a SMLLC is a 'disregarded entity', not a 'passthrough entity'.There is zero tax difference between operating a SMLLC taxed as a disregarded entity and holding the real estate assets directly.As @Ashish Acharya has stated, there is only (potential) legal benefit, which you're not taking advantage of as the assets are titled in your own name.

i made around 8k on my s-corp and i took that money out and put it into my llc how would i have to report it?