There are rules for Section 1031 exchanges.
Generally, you cannot be in constructive or actual receipt of the proceeds of the sale of your property.
See https://www.irs.gov/pub/irs-news/fs-08-18.pdf
What are the different structures of a Section 1031 Exchange?
To accomplish a Section 1031 exchange, there must be an exchange of properties. The simplest
type of Section 1031 exchange is a simultaneous swap of one property for another.
Deferred exchanges are more complex but allow flexibility. They allow you to dispose of property
and subsequently acquire one or more other like-kind replacement properties.
To qualify as a Section 1031 exchange, a deferred exchange must be distinguished from the case
of a taxpayer simply selling one property and using the proceeds to purchase another property
(which is a taxable transaction).
