Deadlines

The exchange period begins on the day the Relinquished Property closes. The acquisition of Replacement Property must be completed within the180 day Exchange Period.

The exchanger has 45 days from the close of Relinquished Property to identify Replacement Property. Three alternative properties can be identified and the exchanger has the remainder of the Exchange Period (135 days) to close on at least one of the identified properties.

If the Relinquished Property is sold after October 18th of the calendar year, the Exchange Period ends on April 15th of the following calendar year. The exchanger can take advantage of the full 180 day exchange period if they request and are granted a tax extension by the IRS.