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Updated about 3 years ago,
1031 exchange question
My client sold a commercial property from an llc in which he is the sole owner and has parked it into a 1031 exchange. He is looking to purchase under a new llc which has him and a partner from another property on it. They were notified by 1031 manager that this cannot be done. What are the possibilities in this case? Can someone here who has expertees in this field give advice.