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Diana Serrano
  • Wholesale Investor
  • Los Angeles, CA
3
Votes |
9
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Taxes when transferring property to an LLC

Diana Serrano
  • Wholesale Investor
  • Los Angeles, CA
Posted

I was thinking about transferring a property that is currently under my name to an LLC. The property is now worth more than when it was first acquired. I'm almost sure the property taxes will go up as the value has increased. Should I be worried about any other taxes? Would a capital gain tax apply? It's my first time doing this type of transfer, any input would be helpful. Thankyou all in advance :)

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