Identification Period 2019-06-03 08:00:00

Identification Period

Identification period, 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.

Although replacement properties must be identified within 45 days, investors have a 180 calendar day exchange period to complete the exchange. For example, if an investor sells a property on January 1st, they would have until February 15th to identify potential replacement properties, but would have until June 28th (assuming a non-leap year) to complete the exchange.

 


The 1031 Investor's Guidebook

Download The Guide To 1031 Exchange

Tackle the art and science of completing your 1031 exchange.

Capital Gain Tax Rates by State

View View the Capital Gains Tax Rates by State