has already been transferred to the LLC
Not a problem on that front since there's no lender/lien holder to deal with. But if it's a single member LLC of which you are the only owner, then that LLC is reported on SCH C as a physical part of your personal 1040 tax return - even if it's a joint return. However, did you par chance file IRS Form 8832 with the IRS to treat the LLC "like an S-Corp" for tax purposes? Please let me know because if you did, then we're both wasting time talking about LLC stuff when we should be talking about S-Corp stuff. As far as I'm concerned, when you make the 8832 election to treat an LLC like an S-Corp, then we need to be talking "S-Corp" and forget about all this LLC stuff. It just leads to incorrect assumptions, invalid, incorrect and just flat out "WRONG" information being provided to you.
