In a 1031 Exchange? Why waiting until after COVID-19 to complete your exchange could potentially...
Date postedJune 17, 2020
In a 1031 Exchange? Why waiting until after COVID-19 to complete your exchange could potentially be a bad idea
As a result of the COVID-19 pandemic the IRS issued Notice 2020-23 which provided a multitude of tax extensions including the extension of the 1031 exchange deadlines. The typical investor in a 1031 exchange will have 45 days from the sale date to identify a replacement property, and 180 days to complete the purchase of that same property. With the IRS’ notice the 45-day, and 180-day deadline has been extended until July 15th 2020…