The number of replacements doesn't  matter As long a you purchase at least as much as you sell you'll defer all tax.  A

Make sure you also check to see if there's a local tax as well. 

So a 1031 is still going to be your best answer to defer as much tax as possible.

Either way, it would reduce the amount in tax as you are receiving less money for the asset.

If both your business and building are held in single-member LLC, there really isn't much you can do to shift income to reduce tax as both are pass-through entities.On the other hand, I know a number of people that own a business in a C corp and hold their real estate in an LLC. 

If you bought the property for $1 you’d owe $15k in capital gains tax, a year from now.

What one indicator might imply is offset by 10 others - including our population growth, weather (the pandemic was a whole lot different here), no state tax, a tourist industry that takes vacation rentals to a whole new level, as well as our year-over-year property appreciation and rent increases.  

Hello all,A few years ago I let my friend borrow 40k for a real estate project.A good portion of those funds are being returned to me this year.Is there anything I need to do specifically with the IRS to avoid paying ...

As long as you hold a property you will never pay the tax.  As

Quote from @Melissa Sao: Any thoughts out there?