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 5 months ago,
Partnership LLC Sells Rental, Invests in DST, Closes LLC, Can DST be Distributed?
2 Person Partnership LLC (Form 1065, K-1s to Partners) owns Rental Property which is planned to be sold. Proceeds to be used for 1031/DST, LLC would then be owner of record for 1031/DST.
Plan to close LLC in 2024 or 2025.
Can the LLC transfer the 1031/DST to the partners in their names as part of the LLC close-out Distribution without triggering any bad things such as income tax or invalid ownership of 1031/DST?