1031 Exchange and Capital Gains

1031x.com is a fully qualified 1031 exchange intermediary. We have helped thousands of clients with their exchanges across the U.S. for the past 11 years. Our 1031 Exchange Blog is dedicated to bringing you the latest news about 1031 exchanges, capital gains taxes, TIC investment properties and estate planning. Please feel free to contact us at 888-899-1031 or infox@1031x.com for a free consultation! RSS feed for Yahoo/AOL/MSN personal page is http://www.1031x.com/exchange.xml

About Me

My Photo
Name:Steven Hickox
Location:Denver, Colorado, United States

View my complete profile

Monday, January 30, 2006

1031 exchange and combining LLCs

Dear H: Can you have 4 properties all same value of 350k but Titled in 2  LLC`s merge all together to buy a parcel of land for 1400K. Will that  work? or do I eliminate one of the LLC and Make all properties have the  same LLC. and will that work.
Dear H:  In your example you could have the two LLCs become co-owners of the new property.  Their percentage ownership would be based on their percentage contribution.  Does this work?  Please tell me how many owners there are of each existing LLC and are the owners the same in both.  This will help me provide more help.  Sincerely,

Steve Hickox
Attorney / President

posted by Steven Hickox | 10:19 AM