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General Landlording & Rental Properties

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Chris L.
  • Triangle NC
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136
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Selling a rental that is in an LLC in NJ. Bulk sales notice?

Chris L.
  • Triangle NC
Posted Jun 27 2017, 15:16

I reside in NC, but my rental property is in NJ and in a NJ LLC. I am going to sell my rental and I am wondering if I will have to pay the Bulk Sales Notice or the Exit tax. Can someone please explain the bulk sales notice to me and how that works and also whether or not I will have to pay the exit tax if I am already paying the bulk sales notice.

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