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1031 Exchanges
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Updated over 9 years ago,

User Stats

63
Posts
8
Votes
Lee Schram
  • Real Estate Investor
  • Northbrook, IL
8
Votes |
63
Posts

Will this void the 1031 exchange??

Lee Schram
  • Real Estate Investor
  • Northbrook, IL
Posted

On a 1031 exchange when an LLC owns the property and one member of the group wants a return of profit and capital, will that void the 1031 exchange tax rules if the member is paid at closing and the proceeds do not go back to the LLC account?

Thanks!

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