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Updated over 3 years ago on . Most recent reply
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Nearly out of ID Time & Options - Options?
Well, I guess I'm not surprised since this is my first one and the market is HOT.
My 45 day period expires tomorrow and I doubt I'll ID a suitable replacement on the open market. Options anybody?
@Dave Foster - others?
Thanks,
Keith
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- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
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@Keith Thompson, Your QI may not know this trick. But if you identify any property that keeps your exchange open for the full 180 days. Which means that your exchange will die in 2022. Your accountant reports the receipt of the money in 2022 and you don't pay taxes until April of 2023.
And if you identify a property that is legitimately for sale but over priced you have the chance to become a minor god of negotiation by wearing them down for 4.5 months.
Other than that DSTs, and OZs.
- Dave Foster
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