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Updated over 6 years ago,

User Stats

278
Posts
71
Votes
John Acheson
  • Renter
  • Las Vegas, NV
71
Votes |
278
Posts

How would you bring in a partner WITHOUT triggering 1031 deferred

John Acheson
  • Renter
  • Las Vegas, NV
Posted

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?

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