1031 Exchange Vesting Requirement
I've owned an investment condo for 20 years and filed all taxes on it under my SSN. In 2015, I filed a quit claim deed (QCD) to change from individual to an LLC in an irrevocable trust. I want to do a 1031 Exchange this year but lender for "to-be-purchased" property will not fund an LLC in irrevocable trust. I will file QCD to change title back to individual name. Will this still be allowable under 1031 rules or trigger taxable event?
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