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| 1031 is definitely the best way to move the money if that is the direction you want to go. It doesn’t have to happen in the same tax year but is easier. More importantly is the timing between transactions. You need to identify said property (or properties) for the exchange and then the clock begins ticking when you sell and move dollars into an intermediary holding fund.
It can be a great situation but lots involved. I would suggest doing it if that is what your desire is.
If nothing else, find a new farm somewhere and do the exchange and rent it out for some time while you move. You don’t have to exchange every single dollar but what you do exchange is simply kicking the can down the road on tax liability but does allow management over time. Your basis moves with you.
Sell, do the exchange, rent out the place for a bit, and then move when barns and equipment and family is in place.
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Moving the farm
