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1031 Exchanges
HomeForums1031 Exchanges1031 Exchange under an LLC

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Matthew Heffernan
  • New to Real Estate
  • Goshen, IN
8
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11
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1031 Exchanges

1031 Exchange under an LLC

Matthew Heffernan
  • New to Real Estate
  • Goshen, IN
Posted May 23 2023, 13:48

I'm trying to help a friend defer capital gains tax in Michigan.

He is selling a business and the real estate to a single buyer, however the property is owned separately under an LLC, which will remain in the Sellers ownership going forward.

Does 1031 exchange limit the exchange to commercial only?  Could a vacation rental property be purchased in exchange for the business/commercial property being sold?

Thank you!

Detroit, Michigan
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