In a 1031 exchange, you have 180 days to complete your exchange. In this article, we are going to discuss the various details associated with the 1031 exchange period.
180 Day Exchange Period
The replacements must be received within the earlier of:
180 days after the closing of the relinquished property; or
the due date for your tax return for the taxable year in which the transfer of the relinquished property occurs, including extensions*.
The 180-Day Exchange Time Period May Not Be 180 Days Long
The replacement property must be received within the earlier of:
180 days after the closing of the relinquished property; or
the due date for your tax return for the taxable year in which the transfer of the relinquished property occurs, including extensions.
Day 0 Day 180 Day 1 180 Day Exchange Period The replacement property must be received within the earlier of:
180 days after the closing of the relinquished property; or
the due date for your tax return for the taxable year in which the transfer of the relinquished property occurs, including extensions.
Federal Return Date
April 15 may not be the taxpayer’s federal tax return filing due date. S corporations and C corporations are due March 15.
1031 Exchange Company
At CPEC1031, we are well-equipped to handle all of the details of your next commercial transaction. Our qualified intermediaries can take care of all the details of your transaction so you don’t have to worry about them. Reach out to our team today for help with your next commercial transaction. You can reach us at our downtown Minneapolis office to set up a time to chat.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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