| puff33m - 3/26/2024 15:35
I sold rental houses, but couldn't figure out how to 1031 myself farmland. Does it take creating a new farm entity to lease it to?
I believe I would have keep my properties in my LLC, do a 1031 exchange, and then rent as either an LLC or sole proprietor from myself. As long as it's for income producing real estate of equal or greater value I believe it's no problem. I'd consult with a 1031 attorney before hand obviously. |