This may not be possible if 100% of the gain was recognized in Year 1.

Others may be familiar with the site but if you give some more information, even alot of info, many here might recognize the deal and comment as well.

I hate tying up assets in cash if I can keep them working, but I recognize that cash or access to it are good for jumping on opportunities too.

Originally posted by James Harkness:I study bonsai gardening and online poker, so I too know how everyone thinks (read sarcastic)Actually James, I believe I may have misunderstood your point and I believe you may have done the same to mine.You would recognize when someone is doing chokkan or moyogi even if they weren't telling you they were doing it, just as easily as I would recognize what someone is trying to do when they get a crowd to chant "Yes we can" even when they aren't admitting what they are doing.

When the market finally recognizes that low interest rates are not fueled by growth, be prepared for that bubble to burst.

Alternatively, it reflects the fact that real-estate investors and successful businesspeople recognize the difference between guaranteed, regular income and the (often false) promise of outsize future returns.In many respects, this is similar to the 'Buy for Cashflow' vs.

Now, I recognize that every MLS is different, and I am speaking particularly about the Southern Arizona (Tucson) MLS, however I believe most MLS's offer similar opportunity. 

They all sound pretty much the same....draw people in by advertising a recognized name from TV (i.e. 

Exactamundo @Mark Creason, Every state has to recognize 1031 on the federal level. 

Holding the property so as not to recognize the loss still means you are missing out on opportunity costs elsewhere.