1031 exchange and depreciation recapture?

[Heidi Kenefick]

If you do a cost segregation study, and take the depreciation early, when you sell the property do you have to pay it back as depreciation recapture if you are doing a 1031 exchange?

Scenario: I have two Airbnb’s I want to cost seg for 2024. But I am thinking of selling in 2025, and would then want to 1031 into an apartment complex. Good idea or bad idea?

[Michael Plaks]

Quote from @Dave Foster:

I'm only vested in getting free coffee from you @Michael Plaks.

Coffee is not a like-kind property, not included  ;)