Selling property tax implications

[Kirk Roberts]

So I have a fix and flip that I bought roughly 8 months ago. I now have it under contract.

I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031. Needless to say, not to much help. Telling me a 1031 is difficult and cumbersome. Also the property is held in my name and heard there are better tax benefits if it's in an LLC. They said no since I'm a schedule C, since my business is part of my 1040 return.

I really want to either buy another fix and flip or STR. I don't want to turn this into a rental for numerous reasons.

If I don't do a 1031 how can I reinvest this money into more real estate without tax implications killing me.

Any insight is appreciated.