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Updated over 2 years ago on .
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Can I 1031 property in my name to a Living Trust owned LLC?
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

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?