Condo Held By Single Member LLC Subject To NY Estate Tax
By Zachary Zagger ( June 17, 2015, 9:40 PM EDT) -- The New York State Department of Taxation and Finance said in an advisory opinion released Wednesday that the ownership interest in a single-member LLC that owns a condominium in New York would not be considered intangible property, which would exclude the interest from estate taxes unless owner elects to have the LLC treated as a corporation....
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