jdoeslash
Returning Member

What forms do I need to fill out in order to distribute property from a LLC?

Hello -

 

My partner and I would like to distribute a rental property from an LLC to our personal names.  The property is fully paid off, and there are no profits. I believe this would be characterized as a "return of capital" so no taxes would be owed.

 

From a logistics perspective, what forms need to be filled out in order to record the distribution of property to our personal names?

 

Thanks!