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Can I do section 1031 exchange with a LLC when I buy one of the member's interest? The two member LLC, operates one rental property. I also own a rental property.
Two member LLC, operates one rental property. I would like to purchase 100% of one of member's interest in LLC. I own a rental property. Can I do section 1031 exchange with LLC when I buy one of the member's interest. My second question: by dropping one member and adding another, can we keep the entity intact with the same federal ID number?
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‎June 4, 2019
3:02 PM