Moving from SFR to Syndication Tax Benefits

[Pratik Sheth]

I am new to Apartment Syndications. Trying to get ideas on how can I efficiently join with 1031 in place or should I avoid 1031 with TIC. Background: Selling my SFR in Austin Investment Property and thinking to put money in Apartment Syndications. How complex it is? Should I just take money now and pay taxes or its better to do go through 1031. I have heard through a friend that I can offset my capital gains from my current SFR using depreciation or something called bonus depreciation. Is it possible? Would really appreciate if someone can share ideas or their journeys who had taken similar approach in past? Thank you