Four out of five times I’d say find the best 1031 exchange you can, do your due diligence and if it makes sense then do the exchange and avoid the taxes.
Right now, however, unless the exchange really looks juicy… I’d just pay the taxes and wait. That’s just me.
Don’t get me wrong, the 1031 exchange is a great thing. But I’ve found that a lot of people go through a lot of brain damage to avoid paying taxes and end up just wishing they had paid the taxes and been done with it. Just something to think about.
