[WSBARP] excise tax exemption

[Jenna Brozik]

I have client(s) that are quitclaiming property from an LLC owned solely by the wife (LLC#1)  to an LLC owned by the husband and his brother. (LLC#2).

Although the wife's LLC bought the property, it was from funds given to her by the LLC owned by the husband and his brother.
Not sure why property was titled in wife's LLC at the time of purchase but it was.

Now they want to transfer the property from LLC#1 to LLC#2 in a quitclaim deed which I am preparing.

I don't see any real estate tax exemption that applies.

Does anyone have any suggestions?

Thanks,

Jenna Brozik
Managing Attorney
PRINZ & BROZIK PLLC
445 S. Grand Avenue
Pullman, WA 99163
509-338-0908 Telephone
509-338-3527 Facsimile

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