Without taking into consideration an Exchanger's potential tax filing date restriction & based upon the closing date submitted, your 45-day Identification Period & 180-day Exchange Period deadlines are shown:
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| The time requirements in a tax deferred exchange are very specific. From closing on the sale of the relinquished (sale) property, an Exchanger must: |
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1. Properly identify potential replacement properties within 45 calendar days (the"Identification Period")
and
2. Close on the replacement properties within 180 calendar days of the relinquished property sale - OR - the due date (including extensions) for the Exchanger's tax return for the taxable year in which the reliquished property was tranferred, whichever is earlier (the "Exchange Period") |
