1031 exchange question.

[Jay P.]

Hi 

I have a question about 1031 exchange. I am an part owner of LLC the owns a commercial property. My partner who is majority owner wants to sell the property and buy another one. But he wants to be 100% owner of the new property. As far as I know the same LLC would have to purchase the new property to avoid capital gains tax. Is any way (loop hole) to avoid capital gains? Would it be possible for my partner majority owner to buy my shares of LLC so he can 100% owner and continue with same LLC and purchase the new property and in process I avoid capital gain tax??

Thanks

Jay