Transferring a rental property from one LLC to another LLC

So I have a rental property that transferred from one of my LLC in 2020 to a new one in 2020.  The amount the property was sold to the new one was "$500".  When I enter that for the first LLC is shows up as a huge loss (It was a $70,000 property), but when I put that in the new LLC it shows up as a $400 house and $100 land!  Is that right?