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I transferred three homes that I had purchased over the past few years into a partnership 50/50 LLC. I made the transfer in September. The homes are all rented out.
How do I account for this transfer? Do I just file my taxes with the LLC or do I have to file forms to account for transferring the properties. Before I transferred my partner would pay me half of the expenses so it was a partnership all along. thanks.
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May 31, 2019
10:59 PM