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Updated over 6 years ago,

Mohammad Mahmood's profile image
Mohammad Mahmood's profile image
Mohammad Mahmood
  • Member since Jun 4, 2018
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Mohammad Mahmood's profile image
Mohammad Mahmood's profile image
Mohammad Mahmood
  • Member since Jun 4, 2018
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Mohammad Mahmood
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Posts
1031 Exchanges

1031 exchange for partnership property

Mohammad Mahmood
Posted

We are planning to sell a partnership property. I own 50% stake in the partnership. 

Can I buy out my partners on a note payable just before signing a sale contract and disburse their share upon sale of the property? 

Can I then do a 1031 for myself using the same llc? How about if I want to change the Llc to buy the replacement property?

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