What is the time restriction placed on exchange transactions?
Time restrictions begin with the date of the first relinquished property closing and all replacement property must be acquired within 180 days. Within 45-days from the first relinquished property closing, the Investor must identify by contract or by written notice the replacement property(s). It should be noted the replacement property must be acquired by the Investor’s tax reporting date or he must file and have accepted an extension with the Internal Revenue Service.
Related Questions
- Form 1099-B, Proceeds from Broker and Barter Exchange Transactions will be mailed to shareholders who have sold any of their fund shares during the year. (See the answer to the question: Why did I receive Form 1099-B, and where do I report the information?
- What is the cut-off time for transactions to appear on the current business day?
- What is the time restriction placed on exchange transactions?
