Answer
Oct 26, 2023 - 01:00 AM
You can do a 1031 exchange with the LLC into land. That does work and qualifies as like-kind property.
If I already have an LLC, can my LLC sell and buy land tax free? Defer Capital Gains Taxes WITH or WITHOUT a 1031 Exchange
If I already have an individual LLC and it owns property with no debt, it was purchased over 10 years ago, can my LLC sell the property and buy land and pay no tax?
Question ID: 6604775 Status:
Open Oct 26, 2023 - 01:00 AM
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