1031 Exchange Limitations With a LLC

[Troy Kalange]

Hi There!

I own a commercial building with 1 partner in OR. We are looking to sell, and I am hoping to 1031 my share of the sale but my partner is not. Currently we own the property through a shared, two member LLC.

In doing some online research I’ve read 1031 exchanging in this situation is limited due to the property being owned by the joint LLC.

My understanding is the only option here is for us to jointly 1031 into another property with the same LLC (I am unable to take my portion of the sale and 1031 myself because of the LLC).

Are there any other options here for me?