only one partner in the TIC 1031 exchanges their portion, while the other partner wishes to take profits on their portion.It's a 50% 50% Tenant in common partnershipThanks

There are also great estate planning strategies that complement asset protection that will lower overall risk and protect investment partners and aide in generational exchange of assets.With two houses, one live in and one rental, they may want to hold the rental in an LLC or trust and planning this at the start makes property transfer easier. 

Hi,    I'm about to get into contract with my small building in NYC and will be attempting to do a  10-31 exchange. 

When the market(s) are right, we exchange or refinance several properties at once to improve their position.

This allows a taxpayer to exclude up to $250,000 ($500,000 for certain taxpayers who file a joint return) of the gain from the sale (or exchange) of property owned and used as a principal residence for at least two of the five years before the sale. 

On the market for 25 days; possible outcome: seller financing , Lease-Option, or sale and purchase more through 1031 exchange.

In your situation I would also think about putting 1031 exchanges to use.

Unless you're asking if the buyer can use the 1031 exchange to purchase a property that they are currently renting and have an option to purchase. 

If you miss your window and haven't lived there 2 of the last 5 years (like if you choose to sell several years down the road) consider a 1031 exchange and you may be able to get out of the capital gains as well.

They would likely have the tax liability immediately if it's not primary residence, so spreading it out over years may be helpful if they're not doing a 1031 exchange into a new investment property.