1031 Exchange- Make sense?

[Account Closed]

Hey there,

I was wondering at what point a 1031 makes sense? I have a property which is the first I've held over a year. Someone told me to consider a 1031, but is it worth it if the profits are only 40K?

[Jon Klaus]

"Uncle Sam will get you later". Unless you successfully kick the tax can down the road until you kick the bucket and your estate deals with it at the stepped up basis.