1031 Exchange Timeline FAQs

In response to the destruction caused by severe storms, straight-line winds, tornadoes and flooding, the IRS has announced extended tax relief for impacted Taxpayers within the entire states of Tennessee of Arkansas. The below is a summary of the specific tax relief in relation to 1031 Exchanges.

What is the 1031 Exchange timeline?  
The 1031 exchange timeline is just that, the timeline in which a valid 1031 exchange must adhere to. From the closing date of the sale of the Relinquished Property, the clock starts. The 1031 exchange time frame goes by calendar days, not business days and it does not recognize holidays.  Â