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Updated over 3 years ago on . Most recent reply
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1031 exchange from my LLC to personally-owned second home
I just relinquished two rental properties which are owned my by single-owner LLC. I am wondering if I can do an exchange with my second home, which is owned by my wife and I personally. I understand you cannot 'exchange' a property for one you already own, but I wondered if there is a distinction since my LLC would be purchasing it from me.
Thanks in advance for you advice.
Most Popular Reply
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Thanks for the quick response to my question-- 'no-go' was the response I anticipated, but thought I would confirm.