Thank you. So they will continue to file a SCH E (and any relevant forms, such as the 8582), the same as if LLCs or trusts were not created and the properties were not transferred to either a LLC or trust then a LLC? Will the only taxes be at the time of transfer, if applicable based on GA state law for transfers of rental property to a LLC or trusts? If taxes are to be paid with the transfer - are those payments deductible?
