selling 1031 and not purchasing another-who should proceeds go to

[Karen Viau]

Sold a building, bought two properties - both have their own title, now want to sell one and do not want to reinvest the money - who do i tell the purchaser to make the check out to? husband and self - who are the members of the 1031 llc? or to the llc itself??

Help sale is happening soon!

Thanks

[Tom Gimer]

Sales proceeds get paid to the record owner... if the LLC is on title, the LLC gets the $.