Exchange Deadline Calculator

Disclaimer

The taxpayer must meet two separate timeline requirements as part of a successful a 1031 exchange transaction. Commencing on the Closing Date of the initial sale of the relinquished property (the sale transaction), a taxpayer must:

1. Properly identify potential replacement properties within 45 calendar days (the “Identification Period”). The first deadline is a 45-day requirement to identify one or more replacement properties that the taxpayer intends to purchase through the exchange, using one of the IRS defined rules to do so. This timeline is structured by using the date with which the relinquished property’s conveyance deed is made a part of the local public record. The end of the identification period will fall at midnight at the end of the 45th calendar day following the ownership transfer. See notification requirements and rules on to how to complete the notification process; AND
2. Close on the replacement properties within 180 calendar days of the relinquished property sale – OR – the due date (including extensions) for the taxpayer’s tax return for the taxable year in which the relinquished property was transferred, whichever is earlier (the “Exchange Period”).
   Contact us with any questions or to confirm actual timelines for a particular exchange transaction.