Using a Tax Free Exchange with Multiple Partners

One of the things that gets investors stuck in like kind exchanges is investing with partners. You can not do a like-kind exchange in or out of a partnership for partnership interests. For example, if you have a building that you sell, you can’t then exchange it for a 50% of a partnership that has another bigger building.

But you can roll a sales into your ownership interest in a TIC or Tenants in Common.

Rather than forming an LLC (limited liability company) or partnership, you can have tenants in common with two LLCs. This strategy allows you in and out of other properties with other owners, without being having to be partners for ever.

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