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M
Miao2006
Level 1
November 10, 2020
Question

partnership LLC

  • November 10, 2020
  • 1 reply
  • 7 views

2 50/50 partners are looking to split and own 12 homes where each partner will take 6 and put into new LLC they each formed.  how is this recorded on the IRS side?

thank you 

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1 reply

sjrcpa
sjrcpa
Level 15
November 10, 2020

Property distribution

The more I know the more I don’t know.
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