I recently refinance a loan using a Fannie Mae Small Apartment Loan which required me to move my property that was held in a partnership LLC that held multi properties to a new LLC that was a single entity LLC. The ownership for both LLCs is the same (just my brother and I). From what I read on the forum, the multi-member LLC is a "pass-through" entity, so the IRS does not see it as any change in ownership, even though we moved it to a new single entity LLC on deed. If this is the case, do I just move the current depreciation table from my old LLC to the new one. If so, how do I close the property out on TT Business with the old LLC and how would I move the depreciation schedule over to the new LLC.
