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rental property and LLC 1031 exchange
Hello
I own a rental property in Texas. want to sell it.
i have my LLC that does real estate investment.
can i sell my personal rental property to my own LLC. then my LLC can sell the property in the market.
suppose i sell my property for 500K to my own LLC and then LLC can sell the property in the market. since LLC bought this property for 500k there is no capital gain so there is no tax.
advise.
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‎June 28, 2022
10:28 AM