How do I take property out of an LLC? This reader wants to know how to take their house out of an LLC that’s in administrative dissolution. Q: I hope you can help me with this mess. I have an ex-partner who talked me into putting my house into a limited liability company (LLC) with [...]
Using an LLC to transfer property from parent to child. This reader wants to know how to avoid future gift taxes transferring property to their son’s LLC. Q: We are subscribers to Ilyce’s Expert Real Estate Tips YouTube channel. Thanks so much for sharing such good advice and tips. We jointly bought a rental property [...]
Should you put your rental property in an LLC? These parents want to transfer a rental property to their son's LLC and want to know about tax implications. Q: We are subscribers to your YouTube channel, Expert Real Estate Tips. Thanks so much for sharing such good advice. I’d appreciate if you could advise us [...]
A personal residence became a rental property and was put into an LLC. How do you calculate the cost basis and taxes owed now and in the future on the property? Q: I read your Real Estate Matters article every Sunday in the Columbus Dispatch, and they have been very helpful in understanding many of [...]
