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September 17, 2024
Question

Is there any way to reduce capital gains tax burden from the sale of a LLP property?

  • September 17, 2024
  • 1 reply
  • 0 views
2023 undeveloped land sold in Florida.

1 reply

Employee
September 17, 2024

Is the land held by the limited liability partnership?

 

Did the LLP sell the land or did you sell your interest in the LLP?

September 17, 2024

land was held by a LLP. My trust owned a percentage of the LLP.

Employee
September 17, 2024

Can I presume a grantor trust and you received a K-1 from the LLP?