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Investors & landlords
if the LLC was a partnership (a single member LLC does not file a separate return and thus has no need of Turbotax Business unless the SMLLC elected S-Corp status.). did the partnership do the 1031 or only you? if only you. then certain 1031 rules probably have been violated. when there's a partnership and only one partner wishes to do a 1031, the partnership must distribute the property to the partners. then one partner can sell their interest while the other can do a 1031
March 4, 2023
10:44 AM