I transferred one of my rental properties into an LLC using a Quitclaim Deed mid-year. Do I continue to record all rental-property-related income and expenses the same way that I did before the transfer (by inputting them under my rental properties in TurboTax Premier), or should I indicate the property has been "sold" under the rental property section in TurboTax Premier and begin inputting it as a business asset of the LLC?
Likewise, now that the property has been officially transferred to the LLC, do I issue 1099-MISC from my personal SSN/Tax ID or the LLC's EIN?
