We Monitor The Days Elapsed After Settlement
One of the most important requirements of any 1031 Exchange is meeting the stringent time limits set forth by the IRS. Qualified Intermediary Capital Advisors closely monitors all IRS deadlines and keeps you on track via proactive notifications to ensure the best tax treatment on your exchange.
You have 45 days from the date you sell your relinquished property to identify a potential replacement property. The next deadline is that the exchange must be completed no later than 180 days after the sale of the exchanged property or the due date of the income tax return for the year the relinquished property was sold, whichever occurs first. These time limits cannot be extended, and missing one or both will cause your entire transaction to become immediately taxable.