A couple of notes on this:
- Unless your exchange is equal to or greater than the old property, you will be subject to tax on some of the gain.
- I would highly recommend you use a qualified intermediary to handle this transaction. A simple foot fault will collapse the entire transaction and you will no longer qualify for Section 1031 deferral.
- I would also make sure you get legal / professional advice on whether the trailer qualifies as real property in your local. This is not always a given. Since the Section 1031 rules have narrowed, unless the trailer qualifies as real property you will not be able to take advantage of Section 1031.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
