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Updated over 5 years ago on . Most recent reply

Jacob Graul's profile image
Jacob Graul's profile image
Jacob Graul
  • from Altoona, Alabama
  • Member since Jul 4, 2017
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Jacob Graul's profile image
Jacob Graul's profile image
Jacob Graul
  • from Altoona, Alabama
  • Member since Jul 4, 2017
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Jacob Graul
  • Altoona, AL
13
Votes |
30
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Tax, SDIRAs & Cost Segregation

Question about trusts

Jacob Graul
  • Altoona, AL
Posted

Can you sell property that you have in an irrevocable trust?

When I first started I was advised to put my properties into an irrevocable trust rather than create an LLC. Not knowing any better that is what I done. Now I have a home that I would like to sell that's in my irrevocable trust, can I list it with an agent and sell it?

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Gary L Wallman's profile image
Gary L Wallman's profile image
Gary L Wallman
  • Rental Property Investor
  • from Beavercreek OH
  • Member since Aug 28, 2018
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Gary L Wallman's profile image
Gary L Wallman's profile image
Gary L Wallman
  • Rental Property Investor
  • from Beavercreek OH
  • Member since Aug 28, 2018
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Gary L Wallman
  • Rental Property Investor
  • Beavercreek OH
972
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422
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Gary L Wallman
  • Rental Property Investor
  • Beavercreek OH
Replied
Originally posted by @Jacob Graul:

@Gary L Wallman can I roll It into another property?

 You may do either a 1031 exchange or purchase a new property outright.  Either way the new property will remain owned by the trust.

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