I have an investment in a real estate llc (single property with multiple partners) that is in my name. I recently established a llc to handle other personal investments, and would like to move it (the interest in the passive real estate investment) to my llc so I can deduct the interest on the loan. How do I accomplish this?
Jeffrey Lippman ∙ September 4, 2019
The short answer is you need to transfer the Deed from the current owner to the intended owner. But there may be other considerations like licenses, any mortgages or liens, contracts, etc. I recommend you schedule a full consultation with your LegalZoom provider law firm.
Jeffrey Lippman's offices are located in Leesburg, Virginia. Mr. Lippman is licensed to practice law in the District of Columbia and the state of Maryland, and his comments may only apply to those jurisdictions. If your question applies to a different jurisdiction you should check with an attorney in that jurisdiction. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.
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