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Updated over 5 years ago on . Most recent reply
Can you sell a property from yourself to you llc for 1031?
Wondering if you can sell an investment property that's in a SMLLC (with the intent of doing a 1031 exchange) and then for the new purchase, buy a property that you own personally? So, the primary residence would be sold to the LLC to then be used as an investment property.
Most Popular Reply
Natalie Kolodij
Tax & Financial Services
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- Tax Strategist| National Tax Educator| Accepting New Clients
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No.
You and your SMLLC are the same for tax purposes.
Kolodij Tax & Consulting