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Updated over 6 years ago on . Most recent reply
1031 Exchange Question
I understand the 1031 exchange basics. I am hoping to use it for a rental I am selling to purchase another two properties. Am I able to exchange with two different properties or does it have to be to one? Also, how long do I have to identify a property(s) when using the 1031?
Most Popular Reply
Lauren Speidel
Tax & Financial Services
Pro Member
- Qualified Intermediary for 1031 Exchanges
- Chicago, IL
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Jimmy Domer - as Joshua Wright mentioned, the total exchange timeframe is 180 calendar days. You have 45 days to identify potential replacement properties and another 135 days to close on at least one of the properties.