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Updated over 3 years ago,

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1
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Ravi Singh
  • Hoffman Estates, IL
0
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Accidently got the 1031 exchange New property under my name

Ravi Singh
  • Hoffman Estates, IL
Posted

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

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