1031 updates/changes ?

[Rick Reeves]

Hello, 

In the beginning of 2022, I am assisting with the sale of mom's rental house in Los Angeles and the plan would be to do a 1031 and buying 2 + properties for investment in California. If I was a renter at one of the properties is there any conflict there? If she created a trust or LLC what kind of benefits are there?

She would have money left over and assuming she gets capital gains on that portion but has there been any changes to 1031 with the Biden Admin or is there any coming soon?  

Thanks for your help. 

-Rick