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Hi All:Thanks so much for all your kind responses to this question. Situation was resolved as follows so the 1031 will qualifySMLLC owner decided not to bring i...
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Seller owns a property elects 1031 and sells his property. Intermediary places proceeds into an LLC ( owned by seller and a new member) and LLC purchases the re...
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I was not confused My clients partners "CPA "is advising that this is OK.or some trusts. I think the code proscribes changing ownership unless it is between. ma...
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Can the replacement property be owned by a new LLC owned by the original seller (relinquished property)and a new Investor. The new investor ( unrelated) do know...
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Thanks all of you for taking the time to help me in this crazy time.You are all awesome!!CheersMike