Rental property ---> No attempt to rent - Tax ramifications?

[Bruce M.]

What are the tax ramifications of deciding not to rent a rental property and just leave it empty?

This is a property purchased via 1031 exchange, rented briefly, and depreciation has been taken for 3 years.

Long term, it may be rented again or purchase something else via 1031.

What would be the tax issues with restarting it as a rental in a few years?

[Bill B.]

How long is “rented briefly” days, weeks, months, or years?

“Sit empty” means not use it personally at all? (Make sure you have vacant property insurance, standard insurance won’t cover an unoccupied property for very long.)

As long as you haven’t used it personally I’m sure there we situations where you buy a property (imagine a very run down unlivable property) for the land or the possible appreciation.  But it might be harder if it’s a beach front condo you happen to visit every summer. The longer it was rented out can’t hurt either since it’s supposed to be an exchange of one investment property for another investment property  

Your probably going to need a 1031 expert like @Dave Foster or a CPA to weigh in if you don’t have one.