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1031 Timeline

Written by DROdio on January 23rd, 2007 with Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Identification in the FIRST 45 days and All the Questions You Were Afraid To Ask About 1031s.

dentification Period: Within 45 days of selling the relinquished property you must identify suitable replacement properties. This 45 day rule is very strict and is not extended should the 45th day fall on a Saturday, Sunday, or legal holiday.
Exchange Period: The replacement property must be received by the taxpayer within the “exchange period,” which ends within the earlier of . . . 180 days after the date on which the taxpayer transfers the property relinquished, or . . . the due date for the taxpayer tax return for the taxable year in which the transfer of the relinquished property occurs. This 180-day rule is very strict and is not extended if the 180th day should happen to fall on a Saturday, Sunday or legal holiday.

Written by DROdio on January 23rd, 2007 with Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Identification in the FIRST 45 days and All the Questions You Were Afraid To Ask About 1031s.

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