It is scary when you first pull the trigger!

My question is: If I simply transfer title to a LLC (via Quit Claim Deed), will such a transfer be considered a taxable event which triggers Capital Gains taxes?  

So for example. a note that gets put in Evernote can be automatically be triggered asa task in Asana.

@Melody KushiThe LLC may trigger the filing of a separate tax return depending on elections made and who the members of the LLC are.This would then make your individual tax returns more complex.Sale of the home may or may not result in additional taxes.

Hi Paul, if you have a mortgage on the property, transferring title to your LLC would technically trigger the due-on-sale clause of the mortgage.

I'd rather line all that up ahead of time and pull the trigger when the time is right, rather than putting together that offer and scrambling to get the job done.

Also having different debit/credit cards is very useful when you have one declined for a reason or another (bank network down, or blocked for your purchasing pattern that trigger their security algorithm).

I would have been spooked by the lawsuit and never pulled the trigger.  

By the way, I notice the walls are a light grey and that triggers my anxiety so would you allow me to paint?"

Seller-finance involves a transfer of the property to the prospective purchaser in exchange for a note and mortgage.Entering into these arrangements when there is a mortgage on the property can trigger the due on sale clause.