45/180 Day Exchange Calculator

/45/180 Day Exchange Calculator
45/180 Day Exchange Calculator2016-06-13T14:17:45+00:00

The time requirements in a 1031 exchange are very specific. From closing on the sale of the relinquished (sale) property, a taxpayer 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 taxpayer’s tax return for the taxable year in which the reliquished property was tranferred, whichever is earlier (the “Exchange Period”)

Without taking into consideration a taxpayer’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:

Enter the date the relinquished property (sale) was closed:

MONTH:

DAY:

YEAR:

45-Day Identification Period ends at midnight of:

180-Day Exchange Period ends on:

VACATION HOME EXCHANGE HANDBOOK

In response to increased activity in many vacation markets, Asset Preservation has created a brand-new Vacation Home Handbook that covers many tax issues related to the ownership and sale of a vacation or second home. This brochure is very comprehensive, contains hyperlinks to key tax code sections and provides useful guidance to property owners, real estate professionals, closers, attorneys and CPAs in resort communities and vacation home marketplaces throughout the United States.

DOWNLOAD THE VACATION HOME HANDBOOK