My uncle and I are looking at selling a home we own in a trust. He would like to withdraw his portion of the net proceeds via a K1 and I would like to do a 1031 exchange with my portion. Is this possible?

Say the home is sold for 400k can he distribute his 200k and I put my 200k into a 1031 exchange for purchase of another home?

My uncle and I are looking at selling a home we own in a trust. He would like to withdraw his portion of the net proceeds via a K1 and I would like to do a 1031 exchange with my portion. Is this possible?

Say the home is sold for 400k. Can he distribute his 200k and I put my 200k into a 1031 exchange for purchase of another home?