- posted 3 years ago
A family (now a variety of cousins) owns real property and a long established lodging business using the property, run by a subset of the cousins on behalf of all property owners equally (they take pretty small wages for their efforts). When the time comes, will some of the owners be able to perform a 1031 exchange for their share of the real property? If the business and property are sold together, is this still true? Will there have to be some allocation of sale price between the property and the business? Is there anything they can or should do now in restructuring this situation to achieve a better result later on? What else should I be asking here?
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