How to handle expenses to buy property before LLC created
I am in the process of closing on a property, so I have some expenses such as postage, travel, and such. I'm paying and tracking these under my real estate investing LLC.
However, I'm buying the property under a new 50/50 LLC with a partner.
How do I "transfer" the pre-purchase expenses to the property? Do I reimburse my own LLC from the new LLC's capital and then roll all those expenses into the property's cost basis? Or do I keep the expenses as business expenses under my LLC (Schedule C)?