Exchange Period for 1031 Exchanges
Monthly Tax Law Tip
If you are doing a 1031 exchange, your exchange period ends on the earlier of: (i) 180 days after the close of the sale of the relinquished property, or (ii) the next due date for your tax return. That means that, if your sale closed after October 17, you will need to file for an extension of the April 15 due date in order to receive the full 180-day exchange period.
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