My disregarded LLC's only asset is a US rental condo — if I sell the LLC, is that a real estate sale for tax?
I'm a nonresident and my single-member LLC holds one Florida rental condo and a small bank account. A buyer offered to purchase the LLC itself — the agent says that way 'it's a company sale, not a property sale.' That sounded clever, but I suspect the IRS doesn't see it that way. Does selling the LLC avoid the real-estate withholding rules?
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