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?
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