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Tag Archives: partnerships

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

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Can I 1031 Exchange my 30% interest in an LLC that owns commercial property, even though some has been sold?

Thursday, February 3, 2011

It is possible to 1031 Exchange your interest in an LLC but you should really get paid legal advice from an attorney. Your situation is unique only to you and an attorney can help you structure the agreements so you can 1031 exchange your portion. Qualified Intermediaries are prevented from providing legal or tax advice, [...]

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How does a 1031 Exchange work for partners in an LLC?

Friday, December 24, 2010

Most business partnerships that are selling business real estate or real estate held for investment purposes will qualify for 1031 Exchange. A very common situation is the single property held by two “partners.” Many joint owners of a rental income property consider themselves as partners when in fact they are tenants in common. In general, [...]

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