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1031 Exchanges
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Updated over 3 years ago on . Most recent reply
Accidently got the 1031 exchange New property under my name
Hi
I sold 2 condos (one 100% owned by my LLC and the other was in my personal name with only 20% down payment and rest loaned a year ago from bank). When i did a 1030 exchange for both of them, i did not realize that the sale was done to my personal name. I own the new property 100%, but need to get the ownership of the townhome in question deeded over to my LLC.
Will this create issues with tax deferment which i would have with my 1031 exchange ?
I am the single owner on my llc,
Ravi