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Updated over 2 years ago,
1031 from married couple to llc
We have sold our CA rental property & have identified a 6 unit in TX. The 6 unit needs to be put into an LLC. My question is a 1031 ok to do as married couple into an TX LLC. We have been hearing a single entity LLC with no creation of EIN.
The 1031 exchange company said it shouldn’t be a problem . My CPA cautioned me. I would like some reassurance that it can and has been done.
Thank u