Written by James Brennan on January 20th, 2007 with Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Settlement Q&A and Identification in the FIRST 45 days and 1031 Calc FAQs and Calc_Q1 and All the Questions You Were Afraid To Ask About 1031s.
The IRS does not allow extensions for either the 45-day period or the 180-day period.
If the exchangor’s 45th or 180th day falls on a weekend or holiday do I get the benefit of the following business day?
No. The IRS calculates this timeline based on calendar days. There are no extensions given.
Written by James Brennan on January 20th, 2007 with Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Settlement Q&A and Identification in the FIRST 45 days and 1031 Calc FAQs and Calc_Q1 and All the Questions You Were Afraid To Ask About 1031s.