single member llc: Disregarded Entities NOT Disregarded in State of New Hampshire
- 11/29/08 11:54 AM
New Hampshire does not recognize single member limited liability companies for tax deferred exchange purposes. They treat each single member limited liability company or LLC as a separate and distinct entity for state income taxes. This can significantly impede the tax deferred exchange transaction when you want to dispose of real property through a single member limited liability company and purchase your replacement real property through a new single member limited liability company. State of New Hampshire Issues Declaratory Ruling 7707 6-2002 The State of New Hampshire New Hampshire ruled under its New Hampshire Declaratory Ruling 7707 that if (1) a taxpayer/investor
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