Investors & landlords

@WhatToDo 

 

You need a tax professional and/or financial advisor but note that you cannot sell property you own in severalty to an LLC you also own. You can contribute your property (the condo) to an LLC of which you are the only member but that property will go into the LLC with your adjusted basis. 

 

Again, seek professional counsel before forming a business organization and contributing property to that organization.