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New Mexico | Just do a strait 1031, Sale money on prop sold goes into a 1031 Trust account ( so to speak )...Then You have the 180 days ...have to list some potential props your going to buy with the dough.
It's a tax free trade, trading like and kind for like and kind.
WORD the 1031 liberally. Basically a 1031 agri account should be worded to include ANY and ALL agri properties or equities....Then if your trading off say land and want to roll some of that into machinery, livestock or even somewhat related Stocks ..everything is included.
Have seen clients simply let 1031's expire too...then take the Up at an approx 12% tax rate..
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1031 reverse exchange
