If you owe nothing or if you owe $1million it doesn’t affect the capital gain or the taxes due.  

Are there any benefits I may not be aware of here? 

The insurance payout also impacts your taxable gain.

I can think of some obvious cities where chip manufacturing plants are being constructed that will benefit from AI.Looking for a discussion on what cites or MSAs will benefit the most from the AI revolution and why?

She is not married so her capital gains exclusion is only $250k. 

So the (presumably) two people currently on title would get $500k in capital gains excluded.

Quote from @Jimmy Rojas: I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me? 

The only reason you’d consider a 1031 is if you have more than $250k in gains (if single) or $500k in gains (if married.).

Right now, homeowners across the country are seeing record amounts of equity.According to Intercontinental Exchange (ICE), the average homeowner with a mortgage has $319,000 in home equity.Why Have Homeowners Gained So Much Equity?

That will put us into the long term capital gains category on the sale.