Can an 1031 exchange be done to buy out partners in a property I share ownership
Enjoyed your assessment article. Can an 1031 exchange be done to buy out partners in a property I share ownership with from funds from a property, that I solely own, which I will soon be selling ?
Thank you for your question. You really need a 1031 exchange attorney for this as it is nuanced. It’s not clear to me what type of partnership you have and what type of title/deeded ownership the partnership has of the property, among other things. It sounds like you may not be able to do this, but an attorney who deals specifically in 1031E would be able to give you answers very specific to your particular situation.
Best of luck!