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Can I put real estate on a a K-1 for an LLC with 2 partners if the house is not titled in the LLC name but titled in the 2 partners names?
I have a house, titled with 2 partners names. I have an LLC that was formed to build the house. The title has the 2 partners names on it and not the LLC. Is there any way for me to run the house and costs and taxes through the LLC the way it is titled now? Do I have to put the title in the LLC to do the Taxes through it. If I don't transfer title to the LLC then how do I do the taxes?
‎February 7, 2020
9:57 AM