1031 Exchanges
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
Can I 1031 exchange to myself??
I currently own two duplexes in addition to my primary residence. Recently, a neighbor at one of my duplexes approached me to see if I was interested in selling. I’ve owned the property for 15+ years and have a good amount of equity. I would rather not pay the taxes on the sale if i can avoid it.
My question is, can I sell my other property to myself to shelter the proceeds. I believe the second property is in both my wife and my name. I can transfer either property to an LLC if necessary. But I'm just curious if anyone else has done this before.
Thanks in advance!!