Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply presented by

User Stats

20
Posts
7
Votes
Shireen Y.
7
Votes |
20
Posts

Can I 1031 property in my name to a Living Trust owned LLC?

Shireen Y.
Posted

I sold a property that was in my name and would like to use my 1031 to buy rental properties in an LLC owned by a Revocable Living Trust. I understand that the taxpayers from the relinquished property and the property being purchased need to be the same. So, would the taxpayer of an LLC owned by a Revocable Living Trust be the grantor or me in this case?


Also, would it matter if I were to purchase in another state? (Relinquish in California and purchase in North Carolina) 

Most Popular Reply

User Stats

5,409
Posts
2,575
Votes
David M.
  • Morris County, NJ
2,575
Votes |
5,409
Posts
David M.
  • Morris County, NJ
Replied

@Shireen Y.

The location shouldn't matter. I THINK the Trust/LLC won't work since the SSN/EIN won't be same. You didn't provide any info on the other parties of the Trust.

@Dave Foster What do you think?

Loading replies...