When it comes to the 1031 exchange, what is the 45 day ID rule and why is it so important? Measured from when the relinquished property closes, the Exchangor has 45 DAYS to nominate (identify) potential replacement properties and 180 days to acquire the replacement property. The exchange is completed in 180 days, not 45 days plus 180 days.

If this does not happen on time, there can be consequences for you and your Exchange. Sit down with Tina Colson and Jenni Anderson of Equity Advantage as they cover all you need to know about this 45 day ID rule!

What You Will Learn:

  • Why the 45 day identification period is crucial.
  • What happens if you don’t identify property within the 45 day identification period?
  • Why do people go with the three property rule or the 200% rule.
  • Why 95% rule gives you the least amount of flexibility.
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1031 exchanges are complex, using an exchange accommodator like Equity Advantage puts a professional in your corner who knows all the rules. It just takes a phone call to get started, 503-635-1031.