Re: LLCS/TAXS - Posted by Jeff (Dallas)
Posted by Jeff (Dallas) on October 15, 1998 at 15:31:58:
Deeding to a Corp. would trigger a due on sale clause, but deeding to a trust (with you as the beneficiary) would not. After you do this, you could then decide to quietly assign the beneficial interest to your Corp… Read Bill Bronchick?s article on this site for a detailed explanation
…But, as Bud said, for tax purposes, you probably would not want to use your Corp. to hold the interest in your RE anyway; LLC’s and Limited Partnerships are the preferred entities for this. Find a tax specialist who?s competent in RE taxation to help you structure this to best suit your needs.