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1031 Exchanges

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Josh Acuff
  • Charlotte, NC
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Can a real estate holding LLC serve as a 1031 exchange?

Josh Acuff
  • Charlotte, NC
Posted Oct 30 2019, 08:24

I am about to establish my LLC for my real estate holding company. I had a potential investor ask me if the LLC could serve as a 1031 exchange as he was about to sell a property but doesn't have another property lined up. He wanted to know if my LLC would qualify as a 1031 exchange so that he would be seen as reinvesting his money and delaying the capital gains he would owe on the property he's selling. Does anyone know if my LLC would qualify?

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