dee31064
New Member

I had some rental property which I gifted in 2022 to a LLC I formed in 2022. How do I handle that on Turbotax

I formed a LLC with four members (one of which is my wife) in 2022. I also gifted some rental property I owned as an individual to that LLC in 2022. That LLC also sold that property in 2022.  How do I report this on my taxes.