Quit Claim and Taxes

[driftinguy]

I am a foreign national. I recently bought a short sale property in Florida. I had formed a Florida based LLC with a US partner 1% to purchase the property in but there was an issue with the selling bank that caused it to be in my name instead. If I now Quit Claim the property to my LLC does it incur FIRPTA or any other tax nastiness?








What is the name of your state (only U.S. law)? Florida

 

[justalayman]

why don't you just get them to correct the deed and put it in the correct purchasers name?