as others have said seek out a professional tax advisor. several points as to why. not only do you have to reinvest all the proceeds but consideration must also be given to the mortgages on the old and replacement properties. a decrease is taxable boot. if you don't do a 1031 the gain to the extent of depreciation taken or should have been taken is section 1250 gain which is not taxed at 0%. if you have suspended PAL it will continue to be suspended if you do a 1031.
