Thank you Critter-3 and all who've replied. Your:
"you can only defer the $400K not the entire $15mil."
So this would ACTUALLY be allowed by the IRS, given all your timings were good and you went through the 3rd party, QI (Qualified Intermediary) and all? A guy replying earlier had said "no, (the 400,000 example-replacement) because you'd be trading down not up." I mean, from the IRS's perspective, if you do all this right, the 400,000 replacement property would work (as long as you pay taxes on 14,600,000)?
