Is Time On Your Side? Important Calendar Dates To Watch For In A 1031 Exchange

Federal law gives a commercial real estate investor up to 180 days to complete a 1031 exchange: 45 days to identify a new property and another 135 days to complete the purchase. This is usually an adequate window for an investor to complete a 1031 exchange, which allows the investor to defer paying taxes on a gain realized in a sale by reinvesting in a like-kind property.  However, investors could be limiting themselves if they don’t pay attention to certain nuances involved in the statute of Section 1031. That is because, in a couple of common scenarios, 45 plus 135 might not automatically equal 180 days. “For people who are...