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Updated 3 months ago on . Most recent reply presented by

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16
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Marcus Welson
4
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16
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1031 deadline confirmation by QI/CPA & 1031 CPA recommendations

Marcus Welson
Posted

Hello everyone. 

Just finished a property sale. I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.

My qualified intermediary says they will not confirm the IRS notice applies or whether the 45 day date they gave me is overridden by the notice. They directed me to consult with a CPA or tax planner. After reaching out to two separate CPA's they advised me they do not answer 1031 questions and the intermediary should confirm the correct deadline date.

Can anyone confirm whether the qualified intermediary should provide the confirmation of the date pursuant to the IRS notice or provide a CPA who does phone or zoom consultations and works with 1031's/IRS Notices?

If needed for reference, the questions I have for the CPA are posted at:
https://www.biggerpockets.com/forums/51/topics/1221080-1031-...

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