qi: 1031 Qualifified Exchange? - 02/01/08 12:26 PM
I need answers on details of a qualified 1031 Exchange. Looking for a QI that can answer this question:
      1. Seller is a LLC (4 members/owners) .
      2. Holding period of less than 1 year when sold.
      3. How does each individual in the LLC qualify for a tax deferred exchange?
Are the proceeds divided based on percentage of ownership and then normal 1031 rules apply?
 

 
David Spencer, Broker and Licensed Instructor
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David Spencer, Show Me real estate in Kansas City (Keller Williams Northland)

David Spencer

Show Me real estate in Kansas City

Kansas City, MO

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Keller Williams Northland

Address: 800 E Northwest Highway, Suite 200, Palatine, IL, 60074

Office: (847) 241-2200

Mobile: (630) 750-4255



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