Important 1031 Exchange Guidelines
November 2nd, 2008The tax payer (known as the Exchanger) has a period of 45 days after the date of sale of the relinquished property to identify potential replacement properties to the Qualifying Intermediary.In the case of a reverse exchange, the Exchanger has 45 days in which to make the identification of the relinquished property (to be sold). The Exchanger also has 180 days after the date of purchase of the replacement property to sell the relinquished property. Read more Important 1031 Exchange Guidelines.
