Welcome to Day 10 of the 31 Days of 10-31!
Day Ten – What Is the 45 Days & Why Are They So Important? 1031 Exchange Rules
What is the 45 day ID rule for the 1031 Exchange and why is it so crucial? The Exchangor has 45 days to nominate (identify) suitable replacement properties and 180 days to buy the replacement property, counting from the date the relinquished property closes. The Exchange is completed in 180 days, not 45 days plus 180 days.
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Whether working through a 1031 Exchange with Equity Advantage, acquiring real estate with an IRA through IRA Advantage or listing investment property through our Post 1031 property listing site, we are here to help Investors get where they want to be. Call them today! 503-635-1031.
