Does the 1031 Exchange of Properties Need to Happen Simultaneously?
No, the buying and selling of the investment properties do not need to happen at the same time. In fact, the majority of 1031 Exchanges are “Delayed Exchanges” in which the Exchanger has 180 calendar days (or the due date, including extensions, of the Exchanger’s tax return for the year of the relinquished property) from the sale of the relinquished property to acquire their replacement property. Additionally, all potential replacement property(s) must be identified, in writing, within 45 calendar days from the closing of the relinquished property closing.
