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Not really a tax question but if you had a LLC formed for a rental property and no longer are planning to rent any more properties and are selling the last property that was in the LLC, do you have to do anything special to terminate the LLC?

(All of the financial stuff was just passed through to my taxes and I was the sole member.)

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Probably yes, there's something to file with the state agency where you set up the LLC to start with. In many states, that's the Secretary of State's office. It might be called a Dissolution Statement, or Articles of Dissolution, or maybe they say Termination instead.

You might also want to talk to a lawyer about whether there's a reason to keep the LLC in existence for a while, due to contingent liabilities.

For tax purposes there isn't any need to dissolve the LLC, as it has been a disregarded entity for tax purposes.

Bill
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