I want to sell an investment property at a loss this year so I can claim 💯 percent of my losses that exceed my revenue on the others. But want a paper loss only. I also don't want to pull down the fair market value of the community either. Could I sell to my LLC at fair market value but then gift of equity let's say idk maybe $40k or so and then add to my cost basis? That way I can have that reduced overall income I'm seeking but yet not have a below market sale that will pull down that real estate market for my neighbors that own in the community and of course when my LLC sells for a profit in a year I don't have much employment income.
