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    partnership LLC

    Miao2006
    Level 1
    ‎11-10-2020 03:02 PM

    2 50/50 partners are looking to split and own 12 homes where each partner will take 6 and put into new LLC they each formed.  how is this recorded on the IRS side?

    thank you 

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    1 Comment 1
    sjrcpa
    Level 15
    ‎11-10-2020 03:51 PM

    Property distribution

    The more I know, the more I don't know.
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