Hello,
I am currently the sole and 100% owner of an LLC that owns a rental property in another state. I have a couple of questions regarding potential changes to the ownership structure.
1. If I decide to add my girlfriend as a co-owner of the LLC, will this be considered a taxable event?
2. If I add my girlfriend as an owner, can I continue to claim 100% of the depreciation, or would she also need to report 50% of the rental income on her taxes?
Thank you for your assistance!
