@Carl wrote:
Understand that if the LLC is the named owner of the property on the property deed, then when you sell the property you very will may not qualify for the "2 of last 5 years" capital gains tax exemption....
Provided the LLC is considered to be a disregarded entity for federal tax purposes, the fact that the property is held in the name of the LLC will not disqualify the property for failing to satisfy the 2-year ownership requirement, per Treas. Reg. §1.121-1(c)(3)(ii).
