the child would be a disregarded entity and thus "collapses" onto the parents partnership return. 

(You might get away with it because it shouldn’t have been a disregarded entity.)Good luck and let us know how it turns out m

An LLC wholly owned by a single person is disregarded for federal tax purposes, so as far as the IRS is concerned you took an asset out of one pocket and put it into your other pocket.

So if they are disregarded entities (you are sole owner) you can buy new properties in LLC name or your own.

Sometimes they'll cite that it is a "disregarded entity." 

Everything he says could be true in some locals...you will need to do a ton of research to verify the areas that might work for you, Don't just disregard what you consider negative opinions.....

If you research the PTFA, disregard information saying it expired, or was due to expire.

Disregard.

"If the property is held in a partnership the assets in the partnership do not automatically receive a step-up in basis like those held in a disregarded LLC.""

This level of professional negligence and disregard for customer wellbeing is utterly unacceptable.Moreover, I find it deeply troubling that the person at NREIG who is supposedly in charge of my account, Devin, has not once reached out to me despite numerous voicemails and email notifications.