1031 Exchange for 50% of Owner-Occupied Property

[David Pedersen]

I own a 4 unit apartment building, live in 50% of the building and rent out the remaining 50%. I'd like to sell the building and do a 1031 exchange for the 50% share that is income property by purchasing a like-kind property, and take the $500k personal capital gains exemption (married) for the other 50% in which I reside. Is this possible? Thank you for any insight you can provide.

[Jesse Lamar]

Great content here and I realize this thread is 8 years old but hear goes nothing.  Hoping Dave is still in the 1031/QI space and can advise (and prospectively execute) on an upcoming exchange.

If the new subject property is not yet owned and is contemplated for new construction of 1) Primary residence SFH and 2) ADU Rental Property can 1031 funds be applied specifically to the new build expense of the ADU? Zoning would presumably require both new build structures on the same parcel with single TMS.

Thanks!