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Updated over 3 years ago on . Most recent reply

Tyler Williams's profile image
Tyler Williams's profile image
Tyler Williams
  • Dentist
  • from Taylorsville, UT
  • Member since Apr 27, 2013
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Tyler Williams's profile image
Tyler Williams's profile image
Tyler Williams
  • Dentist
  • from Taylorsville, UT
  • Member since Apr 27, 2013
Connect
Tyler Williams
  • Dentist
  • Taylorsville, UT
68
Votes |
102
Posts
1031 Exchanges

1031 45 days vs 180 days

Tyler Williams
  • Dentist
  • Taylorsville, UT
Posted

If you are using proceeds from a 1031 exchange and Tthe property falls out of contract after 45 days (for example you find the foundation is bad on the inspection, or too costly of repairs, etc.), is there any provision to purchase another within the 180 day limit to avoid a penalty?

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