Thanks, that was a good article. I will take it when I go to see my "tax professional".
Based upon what I have read I could also do a 1031 on my condo and roll that into the beach house at the same time.
No, that won't work because then I won't have anyplace left on the lake.
Can I do a 1031 on the wife and trade her for a "like Kind" without paying alimony?
Just Kidding (sorta)