HUGE Schedule K1 Loss VS. Rental property sale

[Victor Rodriguez]

Hi everyone!  Normally, when you sell a rental property for a gain, you should do a 1031 exchange to avoid paying taxes, however, if you have a huge business loss on a schedule K-1 for given tax year, might that be a good time to sell a rental property for a gain without doing a 1031 exchange?  Will the huge business loss nullify the gain on the sale of the rental property?  Thanks!