Timeline Management: 45 and 180 Day Rules Explained
Master the critical timelines in your 1031 exchange process. Learn how to identify replacement properties within 45 days and complete the exchange within 180 days.
The 45-Day Identification Period
From the closing date of your relinquished property, you have 45 calendar days to identify potential replacement properties.
The 180-Day Exchange Period
You must complete the acquisition of your replacement property within 180 calendar days or the tax return due date, whichever comes first.
Strategies for Success
Proper planning and preparation are essential for meeting these strict deadlines in the competitive Los Angeles market.
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