1031 Exchange Deadlines Calculator

1031 Exchange Deadlines Calculator

1031 Exchange Deadlines Calculator

In order to properly structure a 1031 exchange transaction, the Exchanger has 45 days in which to identify potential replacement properties, as well as the earlier of a total of 180 days or the date upon which the exchanger has to file its tax return for the year in which the exchange was initiated, to complete the purchase of the replacement properties. The exchanger may file an extension of their federal tax return filing date in order to take advantage of the full 180 days in which to purchase their replacement property. These are calendar days, not business days, and if the final 45 or 180 day date falls on a weekend or holiday it does not rollover to the next business day. There are generally no extensions for these time deadlines, absent a presidentially declared disaster, or being called up to active military duty while being stationed in a combat zone.

Please consult with your tax advisor to address any tax filing requirements which could potentially reduce your 180 day period. If your date falls on a weekend or holiday it does not roll over to the next business day.

Legal 1031 does not provide tax or legal advice, nor can we make any representations or warranties regarding the tax consequences of any transaction. Taxpayers must consult their tax and/or legal advisors for this information. Unless otherwise expressly indicated, any perceived federal tax advice contained in this article/communication, including attachments and enclosures, is not intended or written to be used, and may not be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.
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