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Investors & landlords
There are code sections covering capital contributions for partnerships/multi-member LLCs and S corporations because those are treated as separate entities for federal income tax purposes.
Transfers to single-members LLCs are not since they are treated as entities that are disregarded from their owners. In other words, you are doing nothing more than transferring the property from one pocket to another.
‎June 1, 2024
5:53 AM
12,951 Views