We still don't have sufficient details to address your question:
- This is still confusing since you are asking in TT online, but refer to TTbiz. There is no TTbiz online.
- How was the property originally held?
- Did you just "drop down" the property from owning it personally into a single member LLC?
- At any point in time do you have a multi-member LLC?
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
