We have a condo that was previously our primary home that we kept as a rental when we purchased our single family home. Our condo HOA has received a letter of intent from a developer to purchase the land and I think there is a strong possibility that the sale will happen later this year, so I'm getting a jump on planning our strategy.
I'm working with a CPA to estimate the tax liability triggered by the sale, so I don't need help there at this point. But I could use some advice on weighing our options to defer the tax on the gain via a 1031 exchange, DST, or any other options that I haven't come across yet.
I don't have any specific questions right now, but want to learn more about all of the options we have and pros/cons of each.
I appreciate your advice. The below post will provide some background:
viewtopic.php?f=2&t=209069&p=3343202#p3343202
Sale of Rental Property & Entertaining 1031/DST/Other Options
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