Posted by Tom-FL on June 12, 2004 at 19:31:55:
What’s the difference? You’re profit and your tax is pretty much the same either way. Unless of course you’re trying to get one over on your dear old Uncle.
Knowlegeble Guru’s out there? - Posted by Rudy deHoyos
Posted by Rudy deHoyos on June 11, 2004 at 19:34:39:
Hello all, my question is simply this if I buy a home as 123 Goldrush Lane LLC. and place the property in a landtrust. Can I sell the LLC to a new buyer with all the interest in the LLC and avoid having to take title to the property and avoid 30% capital gain tax? The property the LLC purchased would have an assignement within the option to buy. I would assign the option to some new buyer and avoid taking title personally. Can anyone answer the question?
Thank you
Enjoying the Ride!
email me your responses