Discussion:Transfer of Assets from FLP to LLC
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> User Introductions --> Transfer of Assets from FLP to LLC
| 7 August 2008 | |
| Taxpayer is a FLP with 18 individuals and a trust as the partners. The assets are 2 pieces of real estate with a mortgage on one of the properties. They would like to transfer the assets and mortgage & maintain the ownership interests as they are in the FLP, and put everything into an LLC. Is there a way to do this as a tax-free transaction? I know 1031 does not apply to partnership interests. | |
To join in on this discussion, you must first
log in.
