Will the government extend periods for 1031 exchanges?

[Jonathan Barr]

I know its of the items National Association of realtors is asking of the government.   They are powerful lobby group in Washington and I feel like they could have some sway.   There is also revenue procedure 2007-56, which may allow for an extension for disasters.   It's clear if they this would take affect in this situation.   I think we are wait and see what the government does.   I have 43 days to select something and I hope they extend it.