You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals. 

Hi, I’m a full-time Real Estate Investor and mainly invest in Frederick and Washington counties.

The entire goal is to help you / individuals like you who are interested in a finding an agent who works with real estate investors.

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!

Quote from @Leslie L Meneus: Building Connections & Looking for Guidance in Real EstateHi everyone!

@Sean Michael San Diego's real estate market can be a tough call for renters vs. buyers! 

Dallas is a city with a lot of potential to invest in real estate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real Estate Investors:There’s been a lot of discussion about how the upcoming election could impact our industry.

It was like paying for multiple Master's degrees to get our "real world" experience.