Unfortunately, no. You are referring to Section 1031 Like-Kind Exchanges.
- Exchanges of personal-use property, securities, and inventory don't qualify as like-kind exchanges.
- Even if you could do it, there are strict time restrictions for declaring the exchange. It cannot be done after the fact you have already sold your property.
- You also must use a qualified intermediary or other exchange facilitator to hold those proceeds until the exchange is complete.
- See Like-Kind Exchanges Under IRC Code Section 1031 - IRS.gov
When you exchange (trade) business or investment property of the same nature or character (for example, vehicles or real estate), it's called a like-kind exchange. This gets reported on IRS Form 8824.
Generally, any taxable gain is deferred from a like-kind exchange, unless other non-like-kind property like cash is involved. Losses on like-kind exchanges are usually not recognized.
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