I sold home which I rented for 10 years. Is there a way other than like kind exchange to avoid capital gains?

Answer 1

No. And to make matters worse, engaging in a 1031 like kind exchange has certain requirements. If you did not name the replacement purchase prior to the sale, and if you took the proceeds in your personal account, you no longer have the option to engage a 1031.

Such arrangements must be handled prior to the actual closing of the property. The proceeds of the sale need to be held in an escrow account to be applied to the future purchase.