There has probably never been a better time to do a 1031 Exchange.
If you are considering a 1031 exchange - do it now. The IRS has issued extensions for the 1031 Exchange timeline. In some cases, they have completely waived the need to identify replacement properties on day 45!
Not all taxpayers will qualify, but most people who reside in California will, and if so, the extensions are as follows:
click on this link for detailed information on the extensions