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1031 exchange: Are there any exceptions to the 180 day purchase rule?

JudyB
Level 3

Client sold investment land 6/25/2021.

With market so busy, there were not able to get "in" until they purchased March 15,2022. 

Is there any way to claim a 1031 exchange. All $ held by QI,, and 45 day notice given at sale of land.

Thanks

Judy

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1 Solution

Accepted Solutions
qbteachmt
Level 15

You asked this Twice. Here:

https://proconnect.intuit.com/community/tax-talk/discussion/1031-exchange-time-restrictions/01/21856...

And the story seems to be a bit different. It helps to keep to one topic with the applicable details.

I will mark this as Duplicate for deletion. No need to keep starting the same issue as new topics, just to provide more info.

*******************************
"Level Up" is a gaming function, not a real life function.

View solution in original post

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1 Comment 1
qbteachmt
Level 15

You asked this Twice. Here:

https://proconnect.intuit.com/community/tax-talk/discussion/1031-exchange-time-restrictions/01/21856...

And the story seems to be a bit different. It helps to keep to one topic with the applicable details.

I will mark this as Duplicate for deletion. No need to keep starting the same issue as new topics, just to provide more info.

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers