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1031 Exchanges

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Lee Schram
  • Real Estate Investor
  • Northbrook, IL
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Will this void the 1031 exchange??

Lee Schram
  • Real Estate Investor
  • Northbrook, IL
Posted Jul 6 2015, 19:52

On a 1031 exchange when an LLC owns the property and one member of the group wants a return of profit and capital, will that void the 1031 exchange tax rules if the member is paid at closing and the proceeds do not go back to the LLC account?

Thanks!

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