1031 Property LLC and additional members
Hello,
My question is two fold. From what I have been able to gather from your forum is: If I have a 1031 property in my name and have held the property for 1-2 years that I can transfer it to an LLC and that should not trigger a sale. The second part is what I need help on. So say I transfer that property to an LLC and six months later a couple of individuals want to become members of my LLC. Does that affect the 1031 property in any way? Thanks!