You actually only have a taxable gain of $9,628 ($14,668 + $9,505 - $14,545) we add back the principle amount of your mortgage payment because it is not deductible and subtract out the deprecation we listed above.

If a person who lives in a state with state income tax invests in property, either directly or via passive syndication, in another state that also has state income tax, must that person pay BOTH state income taxes on:1) Taxable cash flow 2) Capital Gains upon sale3) Depreciation recapture

but it's worth you looking into.Current mortgage: $1287 without taxes (with taxes it’ll be about $2050 per month) this purchase price was $258k.. we have refinanced and have a 2.5 interest ratePotential Rental income: $2500-$2700 depending on if we have to price drop.New home mortgage: $2500 without taxes Purchase price $468 with 4.2 interest rate.Current combined income $158,000 only 52k is taxable income.

These 3 should use up approximately 3.1 million and leave 25-50K taxable.

Yo'd need to know the taxable value of the property to calculate your yearly property taxes.

And it is taxable but does not affect the rest of your exchange.Add one con to the 1031 side of things. 

It wouldn't surprise me if somewhere along the way some auditor not only disallowed the deduction but also tried to argue that the avoided demo costs should be imputed as taxable income!

If you are aware of property taxes in Ferndale, they are not cheap: $4400 annually for something with a taxable value of $57k and SEV of 77k.

Their sale is a taxable event.  

Ally bank pays 1% on savings accounts and your funds are available immediately.If your funds are in some investment, you'll likely create a taxable event when you pull it out, and you also run the risk of not being able to close quickly on your next deal if you have trouble getting your money out quickly.Just a couple things to consider.