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Tax, SDIRAs & Cost Segregation

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Carolyn Lorence
  • Home Stager
  • Sussex, WI
63
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170
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Selling shares of LLP to reinvest - tax strategies needed

Carolyn Lorence
  • Home Stager
  • Sussex, WI
Posted Nov 19 2014, 06:17

We own shares in a private real estate LLP, with an opportunity to sell these units and reinvest the cash proceeds to purchase our own cash flowing rental properties. The per unit basis is $3,100; the new 2015 value is $14,900 per unit (accumulated over 12 years).

We also have the opportunity to subscribe to new shares in the same LLP at a 3:1 split, with a minimum number of 10 units, and 2-year holding period. The subscription deadline is 12/19/14. I'd like to use a self-directed IRA to purchase the new shares.

Looking for capital gains tax strategies and advice on any potential 1031 exchange, etc.

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