It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

To defer all tax you must purchase in total at least as much as your net sale.

Tax structuring and LLC advice you can get for a paid fee too.

Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? 

Keeping clean records from day one really helps when tax season rolls around.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

If 1031 is to be implemented it must be done on the property level.2. 1031 generally does not apply to IRAs since they are tax-exempt. 3.

Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

When I did my first house hack in Columbus I showed very low income on taxes.