What deadlines apply to a 1031 exchange transaction?
The successful completion of a 1031 exchange transaction requires Investors to comply with certain deadlines pursuant to Section 1031 of the Internal Revenue Code, which have been further clarified within Section 1.1031 of the Department of the Treasury Regulations. The 1031 exchange deadlines consist of the 45 calendar day identification deadline and the 180 calendar day (or less) exchange period. These deadlines can not be extended under any circumstances, unless the President of the United States declares a natural disaster area that affects the properties or parties involved with the tax-deferred like-kind exchange transaction. See our article on 1031 exchange deadlines for more complete information.
