Welcome to our new website!

If you are a current member looking to download forms visit: https://old.landlordsoflinncounty.org and use the default password

Current members will receive an email with a new password for our new website. 

The total update process may take a couple days, thanks for your patience!

transfer rental property into an LLC

I am in the middle of putting my rental into an LLC in the USA, and I got a few unknown things. I am the sole owner of my rental, and am also sole owner of the LLC.

1) after put into an LLC, would I get some trouble from the federal gov for tax issue? would the rental be treaded as a sale and than I need to pay some kind of capital gain on the sale?

2) after put into an LLC, what about the title insurance? do I need to buy another one?

Thanks for anyone’s help here, and have a great day!!!!!!!!!!!!!!

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest