# Mortgage and tax question

[Connie Cao]

My spouse and exchange 1 property from CA for 10 properties SFR in another state. Because it's require both our name on new loans from previous sell, we are not stuck at 10 loans. We plan to use some cash and paid off some of those loans and free up # of mortgage and change the title of the properties into LLC.

Would this triggers tax for any mortgage clause for us?

Thank you for your time