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km38
New Member

Newly formed single member llc (SMLLC)

I formed a SMLLC in 2019 by transferring real estate that I owned to the LLC.  How do I transfer the property in the tax software?

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‎February 28, 2020 1:47 PM
last updated ‎February 28, 2020 1:47 PM
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Anonymous
Not applicable

Newly formed single member llc (SMLLC)

don't, there is no need.  a SMLLC is a disregarded entity.   so everything carries over, you do not start anew.    if you want on the schedule E you can enter the EIN and name for the LLC.  

‎February 28, 2020 1:52 PM
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km38
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Newly formed single member llc (SMLLC)

Thanks a lot...………………………..

‎March 2, 2020 9:04 AM
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