1031 from rental property to land development project/flipping?

[Indra Tanudjaja]

Hi, maybe this scenario discussed before.

i have rental property in Florida (via turn-key provider); 

i am thinking to sell it to join land development project local in CA and if there's extra gain, i will invest the rest to my flipping business (just started).

is this scenario qualified for 1031, ? if not, any advice on how to minimize the capital gain tax as much as possible?

thank you in advance for all the responses.

regards

Indra

[Jay Hinrichs]

once you 1031 into your flipping business which I don't think you can do ( but maybe) and or the land development deal.. once you start to sell those proeprties those will be ordinary gain and you will pay recapture at that point  @Dave Foster  is a 1031 expert I bet he can give you the chapter and verse my response is just based on my simple understanding from the bleachers.