Can I 1031 from a condo to a partial owner/investor of an RV Park or Mobile home park

[Jules Alicious]

Im selling some condos under an LLC (I am the sole owner of the LLC) and would like to 1031 that gain into RV park and mobile home park partial ownership investments as an individual.

Are those investments like - kind? And is the LLC to Individual status an issue ?

Hi, Dave

[Bill B.]

Yes it’s “like kind” that’s not a problem. 

If your LLC is "disregarded" (it doesn't pay its own taxes, you do.) then you are the tax payer in both situations so that's allowed.

You'd have to take ownership as a TIC (tennant in common) where your % of ownership is worth as much or more than your net sales price and you have to invest all "cash" you receive from the sale.

Get a QI like @Dave Foster involved and this will go smooth as silk.