DISSOLUTION OF PARTNERSHIPS IN A 1031 EXCHANGE: THE DROP AND SWAPFirst American Exchange Company
July 21, 2010 — 209 views
Coordinating a 1031 exchange for limited liability companies or partnerships can present a unique set of challenges. If the entity itself will remain intact, the partnership or the LLC can sell its property and purchase replacement property through the 1031 exchange process. However, a common issue that arises is that not all of the members or partners can agree on a property to purchase, or even if they want to do an exchange at all.