Hey CPA person, can I sell my duplex to my LLC?
I own a duplex in my name only. I also own other properties in my LLC, which is comprised of two other unrelated partners.
Can I quit claim deed my duplex over to my LLC, and have my partners pay me directly for 2/3 value, without incurring any capital gains tax?
Of note: my own CPA has this question and has not gotten back to me yet, and I haven’t tackled the “due on sale clause” issue yet either.