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Updated over 6 years ago,
How would you bring in a partner WITHOUT triggering 1031 deferred
Have a contact that has owned a six-plex for over a decade through a 1031
and he has already written off $270K in depreciation so deferred taxes
is the primary challenge in forming a LLC assuming that transferring
the six-plex from sole to entity will trigger gains.
How would you bring in a partner WITHOUT triggering the gains?
Is there a better strategy than inheritance to minimize
large 1031 federal and state deferred taxes?