A 1031 exchange, or like-kind exchange, helps real estate investors delay capital gains taxes indefinitely. But these exchanges are more complex than just selling one property and buying another.
Besides the rules, you should know there’s the issue of timing as well. Let’s check out some of the time-related rules of 1031 exchanges, as well as some of the other key principles you should know.
1031 Exchange Timeline Requirements
It is normally measured from the date the relinquished property closes. The exchanger then gets 45 days to nominate or identify potential replacement properties. A total of 180 days are given to the exchanger to acquire the replacement property. Please note the exchange is completed within 180 days.
reference https://bit.ly/2RKZ1X8
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