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All Forum Posts by: Jon Pearlman

Jon Pearlman has started 1 posts and replied 2 times.

Buying & Selling Real Estate

Post: 1031 exchange from my LLC to personally-owned second home

Jon PearlmanPosted
  • Posts 2
  • Votes 1

Thanks for the quick response to my question-- 'no-go' was the response I anticipated, but thought I would confirm.  

1 Vote
Buying & Selling Real Estate

Post: 1031 exchange from my LLC to personally-owned second home

Jon PearlmanPosted
  • Posts 2
  • Votes 1

I just relinquished two rental properties which are owned my by single-owner LLC. I am wondering if I can do an exchange with my second home, which is owned by my wife and I personally. I understand you cannot 'exchange' a property for one you already own, but I wondered if there is a distinction since my LLC would be purchasing it from me.

Thanks in advance for you advice. 

0 Votes