1031 exchange investment

[Gary Gristick]

Hi all,

My dad owns a commercial building and is looking to purchase a beach house investment property. The commercial building is sold. Closing in a few weeks. I told him about doing a 1031 exchange. The commercial building is in his name, not an LLC. Can you use a 1031 from commercial to a residential property investment? Or would there be another way to avoid the cap gains tax? Any insight would be greatly appreciated! Thanks in advance.