Here is when I wouldn't do a 1031 Exchange

[Mike Auerbach]

I spoke with someone that couldn't find a replacement property that "fit" into their investment criteria. So I said its probably best to just pay the tax.

If an investor overpay a ton, just to save on taxes, most likely they'll be inflicting significant financial damage to their portfolio… it’s probably best to opt out and pay the tax.

1031s aren't structured in a way that makes someone "overpay" - it mainly comes down to poor planning which puts them in that situation

Never let the tax tail wag the dog!
#1031exchange hashtag#taxes #capitalgains #planning