Updated almost 4 years ago on . Most recent reply
1031 exchange question
I did a 1031 exchange 3 months ago. Sold one house and purchased a 7 condos. The original house was under an LLC and the condos were purchased under the same LLC. For liability reasons, I want to move each condo into its own LLC but I'm nervous to jeopardize the 1031. I spoke with a tax attorney and he said there is nothing that says you can't do it but also nothing that says you can.
Has anyone here done it? And have a better answer?