Updated over 1 year ago on . Most recent reply
Moving personal property to LLC
My parents have a fully paid off property they have turned into investment for quite some time. They are looking to do a 1031 some day but thinking it might not happen so quickly so they might just want to rent it back out again. The property is under their name but I'm thinking of moving it to an LLC (they would still be primary owners of LLC)z Any strategies anyone would recommend to do this without creating a taxable event? If anyone knows any lawyers in Hawaii that specialize this, I'm open to referrals.