Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on .

User Stats

4
Posts
0
Votes
Matt N.
  • Pensacola, FL
0
Votes |
4
Posts

Holding period when transfering from personal name to LLC

Matt N.
  • Pensacola, FL
Posted

My partner and I purchased a property through tax deed sale in our personal names, March of 2018. We have been doing a quiet title for the past year and did not want to put in the LLC name until the court ruled in our favor. The quiet title is now complete. We are planning on building a spec home to resell. We were planning on putting the parcel into our double member LLC. If we quit claim this parcel in to our business LLC now and sell within less than one year from that transfer date, will the gain be considered long term or short term? Basically same owners as the LLC members, no additional members. Does the holding period reset?