The replacement property must be identified within 45 days of the transfer of the first relinquished property.
This 45-day Identification Period is very strict and is not extended if the 45th day should happen to fall on a Saturday, Sunday or legal holiday.
The acquisition of your replacement property must be completed by the earlier of:
- 180 days after transfer of your first relinquished property, or
- the due date of filing your federal income tax return for the year in which you transferred the first relinquished property, including extensions.
This 180-day Exchange Period is very strict and is not extended if the 180th day should happen to fall on a Saturday, Sunday or legal holiday.
Disclaimer: The First American Exchange Company "Exchange Date Calculator" provides our customers with a user-friendly method of calculating the identification deadline and the exchange deadline for an I.R.C. § 1031 delayed exchange. Certain variables may need to be considered in determining the dates, such as the due date of the exchangor's tax return and the date of any filing extensions, which are beyond the functionality provided by this calculator. The accuracy of the timings obtained through the use of this calculator are dependent upon the accuracy of the information entered into the calculator by the user.