I would love to receive information from those with experience or knowledge.
We bought an apartment in Baltimore registered under llc.
Unfortunately the seller cheated on us and at the time of the transfer of ownership recorded that the apartment was sold for $ 5,000, of course Hapoel we paid much more.
Today we want to sell the apartment for an amount similar to what we actually paid, we are months that we will have to pay a considerable tax because ostensibly there is a high capital gain.
The management company told us that it is not certain that we will have to pay tax because with the sale of the property we will close the llc and until the declaration in 2021 the company will not exist.
Sounds weird to me and I believe that at the time of closing the LCC there will be a reckoning with the US tax authorities
Thanks in advance to anyone who can help ????
I would love to receive information from those with experience or knowledge….
