SCorp Quick Claim Transfer SM LLC Sale & Depreciation Recapture
Sole own of SCorp transferred the building owned by SCorp to his SM LCC via quick claim. How is the depreciation recapture handled, if any?
TYIA
Sole own of SCorp transferred the building owned by SCorp to his SM LCC via quick claim. How is the depreciation recapture handled, if any?
TYIA
It's a 'sale' at fair market value, with any depreciation repercussions associated with any property sale.
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