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Updated about 2 years ago on . Most recent reply presented by

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Matthew Morrow
  • Investor
  • Pennsylvania
161
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435
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1031 Question- into self owned LLC?

Matthew Morrow
  • Investor
  • Pennsylvania
Posted

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? 

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The Morrow-Wargo Group
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