1031 help - land developed into single family

[Subash Mandana]

Hi: I need some advice on doing 1031 when vacant land developed into single-family.[ and change of address ]

- In 2017, my trust (pass-through entity)  sold a piece of land, did 1031 exchange, and acquired 10% property interest in the new land. [90% individual, 10% trust)

- in 2018, formed LLC(pass-through), transferred 10% trust assets to my LLC. My LLC to develop the land into 2 homes. an agreement was executed to share 30% property interest in one home to my trust once the property is developed.

- in 2020, the property was developed, there is a change in address. I transferred the title with 30% property interest back to my trust.

The property was never used occupied, no cash transactions were involved.

now, I would like to sell this newly built home, and do another exchange. 

 anyone has been in this situation? appreciate any guidance here.

Thanks

-Subash