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How to get through 1031
Good morning. Here is my situation.
I am about to sell my condo which needs to be 1031d for tax purposes. It is in my personal name. I want to 1031 it out midwest. I have talked to a lender and they say they lend to LLCs. I am also getting a new primary and do not want to mess up my DTI while doing both. Does the 1031 need to be done w/in my name to be legal? Or can i create an LLC and do it that way? I apologize i cannot seem to articulate this the way it sounds in my head. Any help is appreciated.