1031 exchange and LLCs

[Richard Nguyen]

I am in the process of selling a rental SFH property in LLC "A". I have a second LLC "B" that I was going to start putting new rental properties into. I want to do a 1031 exchange if possible. If I buy a new duplex utilizing the 1031 and meet all the criteria, my understanding is that I have to title or put it in LLC "A". Later on, can I move the duplex out of LLC "A" into LLC "B" without incurring a tax penalty? I am a member of both LLCs but the additional members are slightly different.