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Updated almost 11 years ago,
1031 Exchange Property transfer to an LLC
We are going to be purchasing a new property using a 1031 exchange in the state of Kentucky. We will be acquiring it as individuals and would like to hold the property in an LLC for liability protection. Can we immediately transfer the new property in to an LLC or do we need to hold it for a period of time?
Anyone's input would be of interest. Thank you in advance.