1031 Exchange with Partnership
Recently on a BP podcast @Brandon Turner mentioned that he was able to take his apartment unit, 1031 exchange into the mobile home park that he did with a couple parnters. He mentioned that because you are not able to change entity structure when doing the 1031 that he had to do some type of other structure with his partners. I am looking to do something similar in Iowa where I want to 1031 exchange a property (that I currently own) but use the proceeds on a deal with a partner of mine. Anyone have any details of how to go about this transaction?