I would love to put my mom into a nicer home in a nicer area would a 1031 exchange make that possible?

I also did a 1031 exchange from a different property that gave me a bunch of cash for one of these purchases. 

I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property in Phoenix (looking at 15-19 units).

Let's wrap up our QI selection series with the human element - because relationships and reputation can make or break your exchange!

While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.

I have found that by switching to soft copies, I work much faster, and it speeds up the exchange process.

We should definitely talk and exchange notes. 

I’d love to connect to exchange ideas and experiences. 

@Kyle Carter, The strategy you're looking at would be what is called a "consolidation exchange". followed by a conversion to your primary residence. 

Not to put too much stock in hindsight, but wasn't the noise there when you toured the place?