Technical question about 1031 exchange
I want to do a 1031, selling an investment condo and buying an investment house. Eventually I will live in the house but that is down the road. My problem is with the concept of "boot". I have been a broker for a long time, so I understand the basics. Problem is that the condo is free and clear so I will clear around $200k but the gain part of that is only around $100. I would like to re-invest my gain but not the whole proceeds. Any suggestions?