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Updated over 4 years ago,
1031 Exchange - Individually owned property to dual owned LLC?
Hi - hoping to get some guidance on if/how to best structure a 1031 exchange in this situation...before we were married, my wife bought a rental property that is in her name and for a few reasons we are interested in selling it and re-investing the proceeds into a rental property with better free cash flow potential.
We'd like to leverage the tax benefits of a 1031 exchange, but have the new property we purchase be done through an LLC that we both own. Thanks in advance for any and all advice here.