Buying another property via 1031 exchange

[Julie J.]

1) I bought this home in prior to marriage and it has over 500k in equity. I am trying to sell it and buy another property via 1031 exchange, but will I owe taxes because my husband is not on the title?

Ex. 500k deduction is not allowed because I bought it as a single woman.

2) what happens if I buy another home as "second home" and sell above home afterwards, can I still sell it under 1031 exchange and receive tax benefits?

Ex. I am worried about second home is not being the same investment property.

Someone please answer!!!

Thank you in advance

[Wayne Brooks]

@Julie J. It’s not clear from your post....

-Is this, or was up until recently, your personal residence?

-If it still is, you can’t use a 1031 on a primary residence, it must be an investment property. 
-I believe if you and your husband file a joint return you may be able to use the full $500k exemption...verify this with a CPA. 
@Dave Foster can answer any 1031 questions.