1031 exchange 3 lots under 1 purchase

[Corey D.]

I want to purchase 3 connecting lots of land as one land purchase. I plan on separating the lots after closure, and I want to hold onto the property for 1 year. I want to 1031 exchange all 3 lots individually so I don't get taxed on any capital gain from each lot. Is this possible, or will I have to exchange all 3 lots combined just like I purchased it? 

[Natalie Kolodij]

Seems like a flip and not a LTH property. But- It's the end of a long work day for me so I may be totally off base. 

The purpose of a 1031 is investment (income producing) for the same. Vs a flip property. 

Even if you hold the property for a year it may not qualify because...it wasn't making you any income. You're basically banking on appreciation / and or forcing it by splitting which...seems more like flipping activities. 

Maybe it qualifies if there's cattle on it? Leased land. 

Or a mobile? 

@Dave

@Dave Fosterundefined