The only way I know of to do a 1031 would be to do e exchange today.

The S&P 500 is at its upper P/E range of 25.  

Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

The GP & LP portal keeps everyone organized, the SEC-compliant CRM ensures you stay on top of regulations, and the built-in e-signing saves time and hassle for everyone involved.And here are a few additional tips to help you team up with the right lawyer:Search Online: Look for real estate lawyers who know syndications and partnerships inside and out.Interview Time: Chat with them about their experience and make sure they understand your goals.Specialist for the Win: To get the best possible guidance, focus on lawyers who specialize in real estate law.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

So, they will be paying that. e) How are you claiming deception when they have clearly they deceived you?

; c) invest in passive multi-family REIT type situation; d) stocks (or take a chunk of the $200K at least); e) some crypto I'll report back when my books get cleaned up for more clarity. 

And you need to take care of more basic things first, otherwise slapping an LLC on top isn't going to help.Note: Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2 e. 

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.