thank you Iron Man, but he did buy the new property within the 45 day timeframe for like kind exchange.  and the new property was transferred to him within the 180 day limit.  so I am still confused as to whether this is a like kind exchange. I do appreciate your expert advice.  I follow you all the time and appreciate your input.  he did deposit his original sale into his checking account, and within 45 days he had already purchased the second property.  he did not buy the second property from the same person he sold the first property to .  thank you.