How do i transfer the gain of a real estate transaction from a corp to a new LLC w/out paying the tranfer tax?

My corporation sold its building located in NYC. I am taking those funds and investing in a1031 exchange. Most likely a NNN property. I need to form a new company and move it out of NYC to avoid the city tax on the income of my new investment. It's my understanding I can tranfer assets from one company to another and avoid the transfer tax provided I follow certain criteria. Is anyone aware of the ins & outs of this process?

Are you serious??? You didn't have a lawyer for this transaction you have to a ask this question here??

It's too late for a 1031 exchange. And it's too late to avoid the city tax on the gain.

In a 1031 exchange you must directly exchange properties, possibly with cash either way, and you get to DEFER the gain on the sale. However if you have already sold the property it is no longer possible to do a 1031 exchange.

Any transfer tax on the real estate transfer will have to be paid in any case.

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