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Updated almost 7 years ago,

Steve Parkhurst's profile image
Steve Parkhurst's profile image
Steve Parkhurst
  • from Oracle, Arizona
  • Member since Dec 12, 2016
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Steve Parkhurst's profile image
Steve Parkhurst's profile image
Steve Parkhurst
  • from Oracle, Arizona
  • Member since Dec 12, 2016
Connect
Steve Parkhurst
  • Oracle, AZ
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1031 Exchanges

Can 1031 be done from LLC with partner to a personal purchase?

Steve Parkhurst
  • Oracle, AZ
Posted

I have a unit for sale that belongs to an LLC that I have 50-50 interest in. I would like to take my proceeds from the sale and purchase a property to be owned exclusively by myself and do it using a 1031 exchange. Can I do this as a 1031 exchange if I am selling in the name of the LLC and with 50% of the proceeds purchasing in my own name?

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