1031 Exchange & Taxes

[Samantha Chacon-Johnson]

Hello all,

Since my husband and I are house hacking. I’ve been told that we can only do a 1031 exchange for part of the proceeds, because it’s our primary residence. 

Also, from the proceeds how much should I told back for taxes and depreciation recuperation? I am thinking it might be okay, if we sell our current duplex and buy a more expensive one. Thanks! Samantha