Monday, February 28, 2011
Your questions about 1031 exchange
Lisa asks…Can an LLC or S-corp realestate investment co do 1031 Exchange?I have been buying realestates and have held the property under an S-corp or LLC. I am planning to sell and then do a 1031 exchange. Can LLC/S-corp do this? I have done it in the past as an individual person, but not sure if the IRS allows a corporation/LLC investment firm to keep on deferring the gains.admin answers:Yes, as long as ownership stays the same. ABC corp sells, ABC corp needs to purchase. Dissolving entities or changing ownership before selling or
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment