---
title: Exchange Period
description: Exchange period is when an exchanger executing a 1031 exchange has 180 days from the sale of their relinquished property to complete the acquisition of the replacement property
---

[Realized 1031 Glossary of Terms ](https://www.realized1031.com/glossary)

# [Exchange Period](https://www.realized1031.com/glossary/exchange-period)

 Written by [The Realized Team](https://www.realized1031.com/glossary/author/the-realized-team) | Jul 14, 2022 5:00:00 AM

Exchange period, under IRC Section 1031, is when an exchanger or taxpayer executing a [delayed exchange](https://www.realized1031.com/education/glossary/delayed-exchange) has 180 calendar days from the closing date of the sale of their [relinquished property](https://www.realized1031.com/education/glossary/relinquished-property) to complete the acquisition of the [replacement property](https://www.realized1031.com/education/glossary/replacement-property) or properties. Note, however, that potential properties must be [identified](https://www.realized1031.com/education/glossary/45-day-exchange-period) within 45 calendar days of sale. For instance, if an [exchanger](https://www.realized1031.com/education/glossary/exchanger) sells their relinquished property on June 1st, they would have until July 16th to formally identify potential replacement properties, but would have until November 28th to complete the acquisition of the replacement property.

[View full post](https://www.realized1031.com/glossary/exchange-period)

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