Realized 1031 Glossary of Terms

45-Day Identification Period

Written by The Realized Team | Jun 20, 2022 12:00:00 PM

Under IRC Section 1031, an exchanger or taxpayer executing a delayed exchange has 45 calendar days from the closing date of the sale of their relinquished property to formally identify a potential replacement property or properties. Closing on one or more replacement properties must occur within the 180-Day Exchange Period.