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Form 6252
I inherited a 135 year old building from my dad. The building was in his Trust and I transferred it from his Trust to an LLC. Thankfully, it sold as Installment Sale in April 2024. I was told since the building went from a Trust to an LLC, I wouldn't need to pay capital gains. Is this true? Also, I could use line by line help on this form. Thank you!!
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‎February 21, 2025
2:59 PM