@friendlyguy1 wrote:
=> What happens when you sell the property in your personal name to an LLC for better liability protection - but you are a member of that LLC ?
=> Can my passive activity losses be released in that case too ?
No, absolutely not since that would not actually be considered a "sale" (more on the order of a capital contribution) and, even if it were considered a sale, an entity that is controlled by you (ownership of more than 50%) would be considered a related party.
