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Updated 5 months ago,

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2
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1
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Tom McDaniel
1
Votes |
2
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Partnership LLC Sells Rental, Invests in DST, Closes LLC, Can DST be Distributed?

Tom McDaniel
Posted

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?

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