DISSOLUTION OF PARTNERSHIPS IN A 1031 EXCHANGE: THE DROP AND SWAP

First 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. 


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