Home sale gains and a 1031

[Gabriel Valle]

Hello BP fam,

My wife and I are newbies, on real estate but had take a leap of faith to build a new Financial Life!

We are planning to use the gains of our home sale on investing, and currently working on getting our business established, and we have a question (may be more a CPA question :) but your feedback is greatly appreciated; do we need to fill a 1031 form? The gains are less then $250K and we filled our taxes as joined.

Thank you in advance for your replies.

Regards,

Gabe