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by Ben_in_SC on March 24th, 2007

Ben_in_SC

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Ask a question about 1031 Exchanges I sold an investment property that was titled in my name. I then created a single-member LLC. Since this is tax neutral, can I title the replacement property to the LLC and be within the 1031 titling rules? Thanks, Ben

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  • by Haven Exchange on August 22nd, 2007

    Haven Exchange

    A single member LLC is labeled by the IRS a "disregarded entity." Since it has the same tax i.d. number as you do, to the IRS, it is you. So, yes, you can take title to replacement property in a 1031 Exchange as your single member LLC, even though you held title to your relinquished property as an individual.

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