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Updated over 10 years ago,

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11
Posts
0
Votes
Eric S.
  • Investor
  • Ft Mitchell, KY
0
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11
Posts

Property Holding Period?

Eric S.
  • Investor
  • Ft Mitchell, KY
Posted

My wife and I have just executed a 1031 exchange, however, all of the properties we purchased are currently listed in our own names. We'd like to get them in an LLC as soon as possible although the intermediary and the accountant say that we need to hold the property for two years in our names for tax purposes before we can put it in to an LLC.

Anyone have any thoughts on this?

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