My concern is since his % of funds is more than 14K it wouldn't be considered a gift and would be taxable.

@Robert BurnsBeing an attorney, I've assisted many IRA owners in working directly with their IRA custodian to perform the correct tax reporting and not treating it as a prohibited transaction but rather a taxable distribution.

Can you imagine paying taxes on a $300,000 taxable gain when the property was not sold and title was merely transferred from your S Corporation to your personal name?

Refinances after a 1031 are not taxable events.  

Pay for housing varies per staffing agencies as some work to drive down you taxable income and jack up the per diems for their staff as its tax free.I'd start there

Obviously, because the pension is considered retirement funds, it will be taxable when you start taking distributions which will also be the case if you transfer it to an IRA and start making distributions.

It would still be taxable income, but would not be considered an IRA distribution.

The adjusted cost basis is the number that is used to compute your total taxable gain, which is then broken down into capital gain and depreciation recapture. 

After a 1031 exchange, my replacement properties are now generating taxable income.  

Thanks to all of you who so willingly share your knowledge here, Dan Dietz Since all of that depreciation expense while you own the property reduces your taxable income, when you "recapture" it, it will be taxed at regular income tax rates.