How can I have new LLCs for 2 new properties with a 1031 exchange

[Jon L.]

I have an Arizona single member LLC that files taxes as an S-corp "1120s" I sold that property and doing a 1031 exchange the issue I am having is because I file as an S corp I am told I need to purchase the new property with the exact same LLC. Well that LLC name matches the old property name and makes no sense for the new properties I am buying. I am looking at buying 2 properties so I would have to use that LLC for both properties and again the name matches the property I sold.

Question is how can I put the new properties I am buying into their own LLCs without breaking the 1031 chain. I would like to have them in separate LLCs for liability standpoint. Can I create 2 new disregarded LLCs and have the 1031 LLC that files as an S corp be the member of those LLCs or would that disqualify my 1031?

[Greg Scott]

Why aren't you asking these questions of your 1031 Qualified Intermediary?  Since you are paying them, they are likely to respond and provide you accurate and expert information.