Discussion:Rental loss deduction when transferred to LLC
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Discussion Forum Index --> Tax Questions --> Rental loss deduction when transferred to LLC
| 2007-09-12 | |
| Rental losses above $100,000 AGI can not reduce ordinary income with exception in the year of disposition as long as the sale is not made to a related party.
If rental properties were transferred from an individual to an LLC with that individual being sole LLC member, then does this entity change regarded as a sale to a related party? | |
| September 12, 2007 | |
| Yeah, doesn't work. Not even a sale...just a contribution, and all the attributes remain the same. | |
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