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Updated 2 days ago on . Most recent reply

How to minimize taxes when dissolving partnership
We are starting the process of dissolving our investment business (LLC) that has two partners. We know we have to sell 1 property, but the rest will probably be distributed equally. My question is when we sell the property, is there a way for each partner to individually defer the capital gains tax? Normally we'd use a 1031 exchange, but since the cash of that property is going to be split, I wasn't sure what our options are.