I'm an idiot

[John McClain]

I recently sold a rental property with the intent of using the profits to begin buying flips. The proceeds from the rental sale went straight from title to the QI therefore I have already paid the exchange company their fee. I am just now finding out that I may not be able to exchange the funds into a property that I intend to flip. Will my profit be taxable if I use these funds to buy a flip rather than a long term rental?