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Buying & Selling Real Estate

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552
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181
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Susan O.
  • Fresno, CA
181
Votes |
552
Posts

1031 Exchange for Joint Tenants

Susan O.
  • Fresno, CA
Posted Sep 7 2018, 17:46

If you are holding a property as Joint tenants.  Can three owners sell their current property and 1031 exchange it as Joint Tenants into another property.

Do we need to change title to Tenants in Common or anything like that?

During the escrow is it possible to put it in a LLC... or would that trigger capital gains taxes? Or could this be done prior to selling? We still have not sold our downleg

I'm selling a California property and buying out of state.

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