We'll help you find the right solution for your needs
Does this sound like your topic?
1. I own one property (100%) and half of another property - both are fully paid off without any mortgage or other lien. I want to transfer these to my brother. What federal or California tax implications are there to me or him? Both are rental properties and my brother does not intend to sell them (at least for a few years).
2. What if I were to transfer this to my brother's holding LLC which he will place in his trust. What tax or other implications of that?
Your help is greatly appreciated!