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Updated almost 6 years ago,
Inter-spousal Title transfer prior to 1031 exchange in CA
I am planning to do a 1031 exchange with a property that is held in my wife's name. I need to transfer it to my own name as the new (target) property in the 1031 exchange would need to be on my name as it will be contributed to an LLC I am a part of.
Is it possible to do an inter-spousal title transfer now before selling the property in CA to my name and do the exchange after that?
Any advice is appreciated.
Thanks!