Transfer Of TitleTaxesEASY
A 1031 exchange must be completed within how many days of selling the relinquished property?
Correct Answer
C) 180 days
The replacement property must be acquired within 180 days of the sale of the relinquished property (or by the tax filing deadline, whichever is earlier). Missing this deadline will result in the exchange failing and capital gains becoming taxable.
Answer Options
A
45 daysB
90 daysC
180 daysD
365 daysAudio Lesson3 min
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Related Topics & Key Terms
Related Topics:
like-kind-exchange-rulescapital-gains-tax-deferralinvestment-property-strategiesirs-section-1031-requirements
Key Terms:
1031 exchangelike-kind exchange180-day rulecapital gains deferralqualified intermediary
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