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Tax, SDIRAs & Cost Segregation

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Will Kirkendoll
  • Lorain, OH
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111
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buying an LLC, looking for advice

Will Kirkendoll
  • Lorain, OH
Posted Aug 12 2020, 18:55

hey Bp, I have a question looking to get help with it.

I'm looking to buy an LLC that holds title to a piece of real estate. when the llc bought the property it was quit claim deeded for "0.00" If I buy the llc lets just say for 60k and sell it for 90k will I be taxed on 90k since the llc acquired the property for "0.00"?

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