Partnerships, Taxes & 1031s

“In the midst of tax season, strategies to minimize tax burdens seem to be a priority. Combining partnerships and 1031s are a hot topic and navigating the intricacies involved can be complex.”

“Partnerships (or LLCs) can utilize 1031 Exchanges to defer taxes. A model structure exists when the entire partnership wants to complete a tax deferred exchange. However, when one or more of the individual partners has different investment objectives, a need to strategically cooperate or to dissolve the partnership arises.”

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