Depreciation recapture/ capital loss and 1031

[Anna Smith]

We are selling our money pit of an investment property. We bought for $400,000. We will likely sell for $375,000. We've owned it for 10 years. It has been a rental for 8 years. We need a professional to help us with depreciation recapture and possibly a 1031. Who do I call? Real estate tax attorney, CPA, or...?

[Natalie Kolodij]

@Simon Filip She's already going to have a loss. 

Suspended activity losses and increased basis won't reduce her 1250 recapture which is what Dave suggested avoiding by utilizing a 1031. 

$400k/ 27.5 * 8 = She's sitting on almost $30k of 1250 gains