You need a CPA or at least an accountant to answer this question. One who is familiar with your financial situation.

If you are talking about selling your current residence, it shouldn't matter because you no longer have to reinvest.  But if you are talking about investiment property and a tax free exchange, it's worth check with a tax attorney.

Need to ask a CPA, or someone at the IRS something like this.

Why not? 

You need to consult tax professionals in the US and in Costa Rica.  From doing International referrals, my opinion would be that properties in the US and in a foreign country would not be considered "like kind" exchanges by the IRS.  I am not an authority on taxes  -- I only specialize in helping people buy or sell in other countries.  And that usually means finding local experts for many of the questions.

You should seek tax advise from a Costa Rica tax advisor as well as a American tax advisor.  There may be income tax treaty issues so make sure that the tax advisors are familiar with treaty and other international issues.

 Good Saturday morning Doyle. I was thinking the same thing that Noah was.

Doyle - I am not sure what the answer is, but I would love to own a home in Costa Rica.

I hope it works out for you.

Check with your tax attorney.  My guess would be no since it is outside the US and it could be seen as taking taxable money out of the country.

Doyle,

Your financial advisor/accountant would have a better handle on this, than anyone of us.  A

Check with your accountant to be sure.

Contact a qualified intermediary(accommodator) and/or a financial adviser.  

If you are referring to a 1031 exchange, my guess is yes.  But I'm not an expert in these.

I think this is better asked of a CPA?