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Updated over 5 years ago on . Most recent reply

Jason Crowe's profile image
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Jason Crowe
  • Real Estate Agent
  • from Jacksonville, FL
  • Member since Aug 16, 2019
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Jason Crowe's profile image
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Jason Crowe
  • Real Estate Agent
  • from Jacksonville, FL
  • Member since Aug 16, 2019
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Jason Crowe
  • Real Estate Agent
  • Jacksonville, FL
47
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206
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Multi-Family and Apartment Investing

What happens tax wise when switching property personal to LLC?

Jason Crowe
  • Real Estate Agent
  • Jacksonville, FL
Posted

Need to know the Tax implications of switching and how this is accounted for?

  • Jason Crowe
  • [email protected]
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    Bjorn Ahlblad
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    Bjorn Ahlblad
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    • Shelton, WA
    Replied

    @Jason Crowe there are none.........an LLC is a Disregarded Entity for tax purposes. The LLC income is your income. This would probably be a good time to get a CPA. ;))

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