Yes, the basis of the property remains the same, and accumulated depreciation carries over as well.
Unless you have filed Form 8832 and elected to be taxed as a corporation, the IRS considers the LLC to be a partnership. This is because an LLC is a state-defined entity. Read more here: IRS
Limited Liability Company (LLC)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
