1031 Exchange on a rental property with Ex.
I currently own a rental property in Houston, TX with my ex-husband. The property is held in our trust but I am the only one on the loan. The trust will no longer be valid as I am remarrying. We would like to sell it. My question is:
1. Can we do an 1031 for each of us? Meaning can we take our half of the property value and go buy another property individually?
2. What other ways can we split the property without paying taxes?
I llook forward to hearing all the possible solutions.