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Updated over 4 years ago on . Most recent reply presented by

Johnny Zapata's profile image
Johnny Zapata's profile image
Johnny Zapata
  • Investor
  • from Fresh Meadows, NY
  • Member since Jan 31, 2016

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Johnny Zapata's profile image
Johnny Zapata's profile image
Johnny Zapata
  • Investor
  • from Fresh Meadows, NY
  • Member since Jan 31, 2016
Johnny Zapata
  • Investor
  • Fresh Meadows, NY
0
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4
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Tax, SDIRAs & Cost Segregation

Inherited property, should I transfer to LLC?

Johnny Zapata
  • Investor
  • Fresh Meadows, NY
Posted

My wife inherited a property with tenants. She has already collected rent into her personal bank account. We have a LLC we use to buy rentals. Should we transfer her new property to our LLC?

I want to make sure we don't pierce the veil of our LLC, if I'm using that term correctly. We live in NY and the property is in NY if that matters.

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