Hi to all
I place my rental property in a llc to my daughter name
Was no money transaction when we form the llc
Now we have sold the property under my daughter llc with a mortgage on my name
We sold the house in 168000
originally i pay 128000 on year 2000
How they'll calculates the capital gane
Over 40.000 gain
Over 168000 because was no money transaction when we form the llc
Maybe some one can help me a little confused
Thank you for all the help i will get