A Couple Of Basic 1031 Questions
Hello,
1. If the proceeds of a sale are placed into a syndication, is there a time limit that it needs to stay invested in the syndication?
2.Can the proceeds of a sale be divided among several syndications (or properties)?
Thank you
Most Popular Reply
The syndication would need to be structured as a tenant in common agreement or Delaware statutory trust to qualify as replacement property for a 1031 exchange.
Most syndications are structured as a partnership (GP/LP). These agreements can not be used in a 1031 exchange.
Assuming the syndication is structured properly, there is no stated amount of time or restrictions on how many deals you can invest in.