Tax benefits in note investing

[Ariel Lisogorsky]

Hi, a couple of weeks ago I learned, from an answer to a question I posted on BP, that I can't 1031exchange earnings from the sales of mortgage notes. Does anybody know of any other ways to reduce the tax on those gains. Also, do I need to pay tax on the entire sale price, or just on profits?

Thanks in advance for the advice,

Ariel