Discussion:REITs and 1031 Exchanges
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Discussion Forum Index --> Tax Questions --> REITs and 1031 Exchanges
ConservativeDC (talk|edits) said: | 23 March 2006 |
| Can a 1031 exchange take place under a REIT structure, or is this reserved only for individuals? I've heard, for instance, that partnerships cannot do 1031 exchanges. | |
Mtmckeecpa (talk|edits) said: | 23 March 2006 |
| C,
I don't know what you mean by REIT structure, but it is my understanding that an individual, C or S Corp, Pship, LLC, etc are all eligible for an IRC 1031 as long as the conditions of IRC 1031 are met. | |
| 23 March 2006 | |
| What is referred to about partnerships is that a taxpayer cannot exchange a partnership interest (that is ownership in a partnership), or corporate stock, for real estate and have that qualify under 1031. Or vice-versa. This applies even if the partnership only owns qualifying exchange property. In other words, a partnership is not a look-through entity so far as making 1031 exchanges go. | |
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