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Updated almost 5 years ago on . Most recent reply

User Stats

66
Posts
36
Votes
Jerid Meagan
  • Real Estate Agent
  • Albany, NY
36
Votes |
66
Posts

Has COVID-19 impacted your 1031 Exchange?

Jerid Meagan
  • Real Estate Agent
  • Albany, NY
Posted

I'm curious to know if anyone out there was actively working on a 1031 Exchange when COVID-19 hit. Given that timing is so critical in this situation, were you able to find a property or are you going to change your strategy?  

According to NMHC, the IRS has extended the deadlines out to July 15 (https://www.nmhc.org/news/nmhc-news/2020/irs-extends-1031-exchange-deadlines/), but there are still a lot of unknowns now during the depths of the crisis and as we begin to pull out over the coming months.

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