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HomeForums1031 Exchanges1031 Question- into self owned LLC?
Matthew Morrow's profile image
Matthew Morrow's profile image
Matthew Morrow
Agent
  • Investor
  • from Pennsylvania
  • Member since Jul 22, 2019
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383
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Matthew Morrow's profile image
Matthew Morrow's profile image
Matthew Morrow
Agent
  • Investor
  • from Pennsylvania
  • Member since Jul 22, 2019
Connect
Matthew Morrow
Agent
  • Investor
  • Pennsylvania
146
Votes |
383
Posts
1031 Exchanges

1031 Question- into self owned LLC?

Matthew Morrow
Agent
  • Investor
  • Pennsylvania
Posted Jun 1 2023, 08:29

We have a client who is looking to sell one of his properties that is in his personal name, and use the proceeds to buy out his existing ownership share in a multi unit he owns. I don't believe 1031 guidance would allow you to exchange into a entity or other asset that you own personally either outright, or as a member of the ownership LLC.
I’ve  already reached out to our contact in the industry, waiting on some feedback. Anyone have any experience with similar situation? 

The Morrow-Wargo Group
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Allentown, Pennsylvania
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