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My FIL died in December, and his home will be put on the market next week. He didn't leave a will and his estate is going through probate, with the sale of the home and adjoining property being the last step.

We should walk away with about $90-$100k from the sale.

Because the property was inherited, will we have to pay capital gains on it? If so, how much of the sale amount can be worked into a 1031 exchange? All of it? Part of it? And, if we do a 1031 exchange, how long do you have to reinvest it?

Thanks in advance,
Perki
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