question about 1031 exchange and legal entities.

[Account Closed]

Quick question about 1031 exchanges and legal entities: 

If hold title to a property in my own name and sell the property with a 1031 exchange am I allowed, at any point, to transfer the new investment property into an LLC or will I lose the tax deferment by doing so? Is there a holding period before I am allowed to do so? I typically hold title to investment properties in an LLC but the particular one that I am selling happens to be in my personal name.

Any advice or information is appreciated. Thanks in advance!

[Ashish Acharya]

Originally posted by @Account Closed:

Quick question about 1031 exchanges and legal entities: 

If hold title to a property in my own name and sell the property with a 1031 exchange am I allowed, at any point, to transfer the new investment property into an LLC or will I lose the tax deferment by doing so? Is there a holding period before I am allowed to do so? I typically hold title to investment properties in an LLC but the particular one that I am selling happens to be in my personal name.

Any advice or information is appreciated. Thanks in advance!

If it is a SMLLC, you will not lose the 1031 deferral. If its a partnership, yes you have to be careful and structure and time it property. 

But, I am guessing its a SMLLC so you are fine.