Digital Ascension Group Inc

Transfers into a single member LLC are generally not taxable because the assets move in as a capital contribution at original cost basis, not current market value. Record the wallet, asset, quantity, and purchase price in the operating agreement so the LLC carries the same basis. In states that allow qualified joint ventures, spouses may co-own the LLC without creating a taxable event. Confirm state eligibility and structure with a CPA before setting it up.

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