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Tax, SDIRAs & Cost Segregation

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Roman Rytov
  • Rental Property Investor
  • Cumming, GA
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30
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1031 with three properties and two owners

Roman Rytov
  • Rental Property Investor
  • Cumming, GA
Posted Nov 10 2018, 08:10

Never did 1031 but based on what I read it may not be an option for my situation. I owe two duplexes in my name and my wife another one. Can we sell the three on 1031 and exchange it for a single larger property? Probably we have to create an LLC first and transfer the three there before the exchange occurs?

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