Comments on: Tax Implications of transferring A Rental Property out of a multi member LLC to one of the members? http://www.reddeerrealestatelink.com/tax-implications-of-transferring-a-rental-property-out-of-a-multi-member-llc-to-one-of-the-members/ Tue, 05 Apr 2011 20:33:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: wartz http://www.reddeerrealestatelink.com/tax-implications-of-transferring-a-rental-property-out-of-a-multi-member-llc-to-one-of-the-members/comment-page-1/#comment-723 wartz Tue, 09 Mar 2010 18:04:32 +0000 http://www.reddeerrealestatelink.com/tax-implications-of-transferring-a-rental-property-out-of-a-multi-member-llc-to-one-of-the-members/#comment-723 My call on this is that you would be a nominee for the LLC. That is legalese for it really still belongs to the LLC but it is in your name momentarily so that you can get your loan. Remember, you paid zero for this advice from a stranger and should get some from your tax professional before making the leap. My call on this is that you would be a nominee for the LLC. That is legalese for it really still belongs to the LLC but it is in your name momentarily so that you can get your loan. Remember, you paid zero for this advice from a weirder and should get some from your tax qualified before making the leap.

]]> By: CB CPA in TN http://www.reddeerrealestatelink.com/tax-implications-of-transferring-a-rental-property-out-of-a-multi-member-llc-to-one-of-the-members/comment-page-1/#comment-722 CB CPA in TN Tue, 09 Mar 2010 17:47:16 +0000 http://www.reddeerrealestatelink.com/tax-implications-of-transferring-a-rental-property-out-of-a-multi-member-llc-to-one-of-the-members/#comment-722 There definitely ARE consequences. You're in need of a consultation with a professional. This forum is way too short to try to answer such a question as this. Good Luck! There certainly ARE consequences. You’re in need of a consultation with a qualified. This forum is way too small to try to answer such a inquiry as this.

Excellent Luck!

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