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Updated over 4 years ago,
1031 Ownership Change
We bought a property in 2019 using a 1031, now we want to refinance that property but as part of the re-fi we want to move it into an LLC.
Will the change in title (ownership) trigger a tax bill because we used 1031 funds to buy the property?
We are trying to determine if we refi into the LLC or keep it in our name.
Thanks