1031 exchange - separately titled properties relinquished to buy jointly titled prop

[Denise B.]

Hi all - My husband and I are planning to do a 1031 exchange where we would sell 2 properties to buy 1 larger property.   The 2 properties that will be relinquished are titled in our names separately - one in my name and one in his.  We have owned them for 10+ years and have always included them on our joint tax return.  We planned to title the new property in both of our names.  Is there any issue with this approach?  If so, any suggestions on how to address would be appreciated.  Thanks!

[Bill B.]

Nope. Because you filed jointly. All the irs cares about is that it’s the same tax payer. Because you pay together before and after you remain the same tax payer. IMHO. :-).