Rare Opportunity for a 1031 tax Deferred Exchange

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:

• Relinquished Property closed after 11/24/22 and before 4/19/23, there no replacement property identification required and you must complete your exchange by 10/16/23.

• Relinquished Property closed after 4/18/23 and before 9/1/23, you receive an extension on your replacement property identification deadline until 10/16/23 and you will have 180 days to complete your exchange.

 click on this link for detailed information on the extensions