Can my LLC buy my C corp's single asset via 1031?

Glendale Heights, IL Viewed 30 times. Posted 8 months ago in Limited Liability Company (LLC)

I am selling an property and want to 1031 from that property to another property I currently own in a C corp. The LLC will purchase the C corp asset and start a new basis and go forward. I want to then close the C corp.

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Can my LLC buy my C corp's single asset via 1031?

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