How can you do a 1031 with property titled in an LLC in a one-person LLC without taxes on the one person?
Estate Planning and Asset Protection for Rental Property Owners
Question ID: 6604488 Status:
Open Feb 19, 2025 - 12:30 PM
1answer
Answer
Feb 19, 2025 - 12:30 PM
with a 1031 my understanding is that the sale and the acquisition of the new property have to be the same person or the same tax ID. If the LLC does have its own EIN, obviously, but for tax purposes, it's still going to the individual owner.
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