Quit claim 1031
I have a property that is mine by divorce decree but 5 years ago when the divorce was final we never got around to doing a quit claim deed. I would like to do a 1031 exchange sometime in the next 10 years on this property. My question is there any problems or regulations with a property that has a quit claim deed before a 1031 can occur? Do the original owners(or can it be quit claimed) have to be the buyers in a 1031 exchange? Any help is much appreciated.
Sincerely,
Pam