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Old 10-06-2017, 09:58 AM
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LLC Contributions
if in made contributions to an llc for real estate , and later pulled my contribution back under 30 days. will i be taxed on the my contribution i pulled back. no gains made on the contribution

Last edited by sgeorge : 10-06-2017 at 10:18 AM.

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Old 10-07-2017, 06:45 AM
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no.In general, no gain or loss is recognized upon the contribution of money or property to the LLC in exchange for an LLC interest. Neither the contributing member nor the LLC is taxed.


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