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Updated almost 3 years ago,

Mike O.'s profile image
Mike O.'s profile image
Mike O.
  • from twin cities
  • Member since Mar 3, 2015
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45
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Mike O.'s profile image
Mike O.'s profile image
Mike O.
  • from twin cities
  • Member since Mar 3, 2015
Connect
Mike O.
  • twin cities
37
Votes |
45
Posts
1031 Exchanges

1031 property in personal name into a STR in LLC

Mike O.
  • twin cities
Posted

My wife and I own a rental in Minnesota that we are wanting to sell and do a 1031 exchange into a STR in Florida. The problem is the Townhome is in both of our names and the LLC is only in my name. Will we need to jump through hoops for this work? What is the best way to handle this situation? We currently have a STR in Pigeon Forge. Thanks

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