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Updated almost 7 years ago on . Most recent reply

Yvonne Ruiz's profile image
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Yvonne Ruiz
  • Member since May 18, 2018
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Yvonne Ruiz's profile image
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Yvonne Ruiz
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Yvonne Ruiz
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1031 Exchanges

Changing Title After 1031

Yvonne Ruiz
Posted

Father and two daughters bought a house through 1031 exchange. Title is held as tenants in common, 50% father, 25% each daughter. Exchange was completed a couple of months ago. Would there be an IRS issue if father removed himself from title now? Would there be an IRS issue if two additional daughters were added to title?

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