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Tax, SDIRAs & Cost Segregation

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Johan Specht
  • Miami, FL
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Transfer property title from LLC to personal name, Taxes?

Johan Specht
  • Miami, FL
Posted Jul 21 2015, 11:20

Hi, I opened an LLC and bought 1 house under its name 3 years ago, the house came with the tenant included. I don't need the LLC any more and would like to close it and transfer the house title to my personal name (the tenant will continue renting the house). Does anyone know what steps should I follow? Are there any kind of taxes I would have to pay to make the title transfer? I'm not a US citizen I live in Mexico. Can someone kindly advise with this? I've been asking to my CPA but he doesn't have a clue or maybe not convenient for him since I wont be needing him anymore. The house and business are located in Miami Dade, Florida. Thanks in advance!

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