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Commonly Asked Questions about Real Estate Transfer to LLC

Transferring your property into an LLC can activate the due-on-sale clause of your mortgage, requiring the balance to be paid in full.
If the property has appreciated in value, a capital gains tax might apply. However, if the LLC is a single-member entity classified as a disregarded entity for tax purposes, the transfer generally has no immediate tax consequences.
You can however, take out money from your business account for personal expenses. Doing this cleanly depends on your entity: Sole Proprietor/LLC You can make multiple draws from your account as needed for cash flow, but do not pay your mortgage, or anything else, directly from the business checking account.
Generally, you cannot deduct items related to your home, such as mortgage interest, real estate taxes, utilities, maintenance, rent, depreciation, or property insurance, as business expenses. However, you may be able to deduct expenses related to the business use of part of your home if you meet specific requirements.
Your LLC can pay the mortgage on properties owned by the LLC, as these are legitimate business expenses.
Protects From Personal Liability You may own the LLC, but the LLC does not own you or your personal assets. When LLCs own a property, the owner of those LLCs are removed from any liability.
Technically, a company can offer whatever it wants to attract employees, but the IRS would tax employer-paid mortgage payments like regular income. This means the company would report payments on the employees W-2 form and withhold state and federal taxes.