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1031 Exchanges

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Zachary Loesel
  • New to Real Estate
  • Winona, MN
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1031 Exchange/LLC Question

Zachary Loesel
  • New to Real Estate
  • Winona, MN
Posted Jun 3 2019, 19:10

I invested in land property. 200 acres last year with my brother. We currently don't have any LLC or other sort of company legal structure.

I will assume a $50,000 gain after the sale. My question is if I can do a 1031 exchange on a similar property under my own LLC versus in my name and get the tax benifets?

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