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Updated 12 months ago on . Most recent reply presented by

Chris Seveney's profile image
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Chris Seveney
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  • Investor
  • from Virginia
  • Member since May 23, 2015

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Chris Seveney's profile image
Chris Seveney's profile image
Chris Seveney
  • #4 All Forums Contributor
  • Investor
  • from Virginia
  • Member since May 23, 2015
Chris Seveney
  • Investor
  • Virginia
17,617
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Tax, SDIRAs & Cost Segregation

Transferring Properties out of LLC Question

Chris Seveney
  • Investor
  • Virginia
ModeratorPosted

Quick Question to the group:

lets say you have a LLC which owns properties - call it Property LLC.

Property LLC is owned by Holding LLC

Holding LLC is owned by Jane Doe.

If you were shutting down the LLC and wanted to just put the property in the name of Jane Doe who owns the holding company who owns the LLC.

Do you actually need to transfer monies back and forth or would this be done by a journal entry as a non cash distribution?

  • Chris Seveney
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