That transferred the basis from the old property to the new property and the depreciation schedule and added any new depreciable basis.From that you can tell what you starting basis of the new property was and you can fast forward to your last return to see how much additional depreciation has been taken. 

Start here:  "Transfers to a wholly owned entity (like a single-member LLC) are only exempt from documentary transfer taxes if there is no outstanding mortgage on the property.

Hi guys,
If there are two people on the loan for the FHA loan, or Conventional 97 loan, do they both have to live in the property, or does only one of them have to live in the property for the loan to go through? A s...

The sale will be with a Quit Claim Deed, and I want to know what the process would be to get the title insurance and transfer the Quit Claim Deed to a Warranty Deed, and if that's even possible.

This is the crux of the debate about personal ownership vs. business ownership. 

You will need to inform the lender of your plan to transfer the loan into your LLC, so that they sell the loan to Fannie Mae and not someone else.

She recently transferred the property to a relative of hers through a quitclaim deed and this has happened twice in the last 7 years.

I am assuming you currently have less than 25% ownership in the software company that you are employed.  

The ownership is through a trust and the owner doesn't want to finance it.I am thinking about looking for a partner on this project.

My bank informed me the seller, an executive at another bank, may be interested in selling the apartment complex after 20 years of ownership.