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Rental Property transfer to LLC
I transferred title of rental property to a multi owner LLC (3 minor participants <1%) in 2017. Do I file a Schedule E & how is the transfer to the LLC reflected as a sale? Also to the extent there was a passive loss in the prior year (with a rental gain in 2017) how is that reflected or captured in my 2018 return?
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‎June 3, 2019
11:10 AM