45/180 DAY TIME REQUIREMENTS CALENDAR
The time requirements in a tax deferred exchange are very specific. From closing on the
sale of the relinquished (sale) property, an Exchanger must:
-
Properly identify potential replacement properties within 45 calendar days (the"Identification
Period")
and
-
Close on the replacement properties within 180 calendar days of the relinquished property sale -
OR - the due date (including extensions) for the Exchanger's tax return for the taxable year in which the reliquished property was tranferred,
whichever is earlier (the "Exchange Period")
Without taking into consideration an Exchanger's potential tax filing date restriction and based
upon the closing date submitted, the 45-day Identification Period and 180-day Exchange Period deadlines are shown below:
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Member of the Federation of Exchange Accommodators