LLCs and 1031 Exchanges

Discussion in 'Tax' started by Jeff, Feb 20, 2006.

  1. Jeff

    Jeff Guest

    I and a relative are planning on pooling our funds and
    investing in commercial (i.e., not residential) real estate.
    We've been advised to form an LLC, owned 50% by each of us,
    to make the investments.

    Eventually, I expect that we will want to participate in
    1031 exchanges.

    Can we do so as an LLC? Are there any 'gotchas' we need to
    be aware of before we set up the LLC, so we don't somehow
    disqualify ourselves from an eventual 1031 exchange? If
    this is a problem, is there a better approach we should
    consider?

    Thanks for your help.

    - Jeff
     
    Last edited by a moderator: Jan 23, 2018
    Jeff, Feb 20, 2006
    #1
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