Solomon C, Lao, CCIM. Your Partner In Commercial Real Estate.
Delayed Exchange Deadlines...The most common exchange variation is the delayed exchange format. The delayed exchange, which became popular after the well-known Starker decision [Starker v. United States 602 F2d 1341 (1979)], changes made by Congress in 1984, and the 1991 Final Regulations, can provide Exchangers the opportunity for simple and defensible exchanges. It is essential when using the delayed exchange to adhere to the §1031 deadlines.
The 1031 exchange BEGINS on the earlier of the following:
The exchange ENDS on the earlier of the following:
The IDENTIFICATION PERIOD is the first 45 days of the exchange period. The EXCHANGE PERIOD is a maximum of 180 days. If the Exchanger has MULTIPLE RELINQUISHED PROPERTIES, the deadlines begin on the transfer date of the first property. These deadlines may not be extended for any reason.
Failure to comply with these deadlines may result in a failed exchange.
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