@Olga Nadal Fortunately, there is no penalty for an incomplete exchange.

If you choose to sell, consider post-retirement timing, installment sales, or a 1031 exchange to mitigate taxes.

If paid by the lender (this is common for conventional financing, especially with retail lenders), the origination and/or underwriting fee is “baked” into the interest rate, therefore giving you a higher rate in exchange for lower out of pocket costs. 

Many real estate professionals pay little to no taxes by using these strategies in combination with 1031 exchanges, creating a snowball effect of tax-deferred wealth.

I did a 1031 Exchange back in 2022 because there were eviction moratoriums in place so I had to sell once my rental became vacant.

Outside of real estate, I enjoy bodybuilding, working on cars, and anything that keeps me physically active outdoors, which helps me remain grounded and focused.I'm looking forward to networking, exchanging ideas, and building lasting relationships in this community.

Fortunately, you will be able to to a 1033 exchange into new property and avoid any tax on the gain. 

The LLC has to do the 1031 exchange because that is the tax return reporting the activity of the property. 

Also, I can 1031 exchange some of my rentals that I have had for 25+ years and defer the taxes. 

Or any other options you prefer such as a 1031 exchange?