The date of the closing of your relinquished property is day zero for computing both the 45 day identification period deadline and the 180 day exchange period deadline. You have to submit your property identification by midnight of the 45th day, and you must complete the purchase of your replacement properties by the 180th day.
1031 Exchange Tips and Resources
If you’re looking for 1031 exchange tips and resources, you’ve come to the right place! CPEC1031, LLC is your one-stop-shop for all things 1031 exchange. For more than two decades, we have been providing qualified intermediary services to clients throughout the state of Minnesota and across the country. We have extensive experience facilitating forward exchanges, reverse exchanges, and built-to-suit exchanges. Let us put our experience to work on your next like-kind exchange of real estate. With our help, you can defer 100% of your capital gains taxes when selling qualifying real estate under section 1031 of the Internal Revenue Code.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
Defer the tax. Maximize your gain.
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