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re: Best Way to Transfer Real Estate to Heirs

Posted on 8/21/23 at 1:44 pm to
Posted by texn
Pronouns: Y'All/Y'All's
Member since Nov 2019
3528 posts
Posted on 8/21/23 at 1:44 pm to
quote:

Need a 1065 to make the 754 election.


This makes no sense to me...single member LLC = disregarded entity. Heirs get stepped up basis...don't have to worry about inside/outside basis, 754 election, etc.
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