Updated almost 11 years ago on . Most recent reply
1031 exchange single member LLC
Have a rental house owned by a single member LLC that I am trying to sale. If I choose to do the 1031 exchange, can the new identified property, a vacation rental, be in titled in both my husband and my name jointly or would it only be able to be in my name only since it was a single member LLC? We file joint tax returns. Thinking about individual mortgage on the vacation rental to have longer terms, cheaper interest rate, and a lower payment than a portfolio loan but would take both of us to qualify for the new loan.