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Monthly Archives: July 2011

My parents sold their business in Pennsylvania and bought a property in Florida under the 1031 exchange. They would like to add me to the deed of the house they bought but are not sure if this will effect the 1031. Please advise.

Tuesday, July 26, 2011

This should not be a problem, since the 1031 Exchange has already happened and it is over. Adding your name to the title should not be a problem, though the procedure should be discussed with your Tax Attorney or CPA. Tweet

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Can a partner in a limited Partnership participate in a 1031 Exchange as a separate person?

Thursday, July 14, 2011

No. Because of the Chain of Title requirement, a Partnership can complete a 1031 Exchange as a single entity…the partners don’t get to split out their shares an buy separate properties. Tweet

Filed in 1031 Exchange General Questions, 1031 Exchange Qualifies | Tagged | Comments (0)