dlabrahams
Level 2
03-17-2021
05:28 PM
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I have a client who has 2 rental properties with their spouse. They want to 1031 to purchase the building that my client currently rents for his S Corp. I'm coming up with problems because of the ownership. Am I right or reading too much into it as long as the Corporation pays rent? Thanks.
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PATAX
Level 15
03-17-2021
06:15 PM
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DL, do a search on this forum and maybe you can find your answer.. As you know the 1031 exchange has certain requirements and you should do as much research and due diligence as you can to make sure everything transpires correctly... Just my opinion.
dlabrahams
Level 2
03-17-2021
06:25 PM
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Please know I've done a ton of research here and elsewhere. It's the Corporate ownership of the entity that will be renting the property that I'm not finding clarification on. That's why I asked here.
