I Am Contributing Real Estate To A New LLC, My Cost Is Less Than I Am Getting Credit For In The Partnership. What Happens To The Difference?

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The LLC will report the “inside basis” of the LLC, if it were a depreciable asset you would continue depreciation as “outside adjustment” for the difference.

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I Am Contributing Real Estate To A New LLC, My Cost Is Less Than I Am Getting Credit For In The Partnership. What Happens To The Difference?

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I Am Contributing Real Estate To A New LLC, My Cost Is Less Than I Am Getting Credit For In The Partnership. What Happens To The Difference?

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