Exchange Time Frames
There are two key deadlines that the Exchanger must meet to have a valid exchange: |
| |
• |
Exchange Period: The Exchanger must receive the Replacement Property within the earlier of 180 days after the date on which the Exchanger transferred the first Relinquished Property, or the due date (including extensions) for the Exchanger's tax return for the tax year in which the transfer of the first Relinquished Property occurs. |
|
|
• |
Identification Period: The Exchanger must identify the Replacement Property to be acquired by the end of the Exchange Period within 45 days of the transfer of the first Relinquished Property. |
|
|
| |
| |
|
| |
