abctax55
Level 15

"Client sold " 

Has s/he touched the cash?  Or, did s/he park it with a facilitator while looking for the replacement property?

If s/he touched (as in had access to; was deposited into her/his checking account) then NO, a §1031 exchange is off the table.

BTW, it's 45 days to identify, 180 days to actually acquire the replacement property.

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