@AmeliesUncle wroteWhy is it not a 1031 Exchange?
Yeah, I don't get this either. A 1031 Exchange is business/investment like-kind property (real property now) for business/investment like-kind property, which appears to be the case here. It also appears that the property to be relinquished and the replacement property have the same FMV and there doesn't appear as if there will be any boot.
@rab77 may want to contact a local intermediary (QI), however, to facilitate the exchange of the deeds.
