Discussion:1031 exchanges for LLC property

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Discussion Forum Index --> Advanced Tax Questions --> 1031 exchanges for LLC property
Discussion Forum Index --> Tax Questions --> 1031 exchanges for LLC property

Lscholl (talk|edits) said:

17 March 2009
have client that owns real estate personally in his name. Can that person sell his real estate and exchange it for real estate that is owned by an LLC under 1031 rules?

Kevinh5 (talk|edits) said:

17 March 2009
if he is buying the replacement property from the LLC - no problem

if he is exchanging into an interest in the LLC - big problem

would have to be TIC interest

Lscholl (talk|edits) said:

17 March 2009
Thanks for info.

What if he was a partial owner (1/3 interest) of the LLC as well? So basically he would have a 1/3 interest in the property being sold by the LLC.

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