Buying property from relative
I am currently partners in a corporation of which I own 30%. This corporation owns a gas station. We are planning on selling this gas station and doing a 1031 exchange. The corporation is interested in buying a piece of property that I currently own personally. They would like to develop that piece of property. Will that be possible since I own less than 50% of the company? or can they not buy it since I am in the corporation. Thanks greatly for any advice.