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Updated 10 days ago on . Most recent reply presented by

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Nathan Driscoll
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1031 Exchange - selling a personal investment and purchasing with an LLC

Nathan Driscoll
Posted

Can you sell an investment property that you owned in our own names (husband and wife) and purchase a new property using an LLC using a 1031 Exchange?

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

If you’re going to do a 1031, pick a QI that can answer these questions for you, with confidence. You can’t use “strangers on the internet” as your defense against the IRS invalidating your exchange. 

Heck. Use @Dave Foster. He literally wrote the book on exchanges and will have all the answers you need. And they are included in the very affordable exchange fee, no extra charge. 

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