1031 Exchange time restrictions

JudyB · ‎04-12-2022

I am searching for the requirements to apply for an extension of time for an exchange.

Everything was done correctly, notice (45 Days), offer on property with closing within the 180 days.

But the deal fell through and they had to start their search again, as with the market as it was(is), their other options had been purchased.

Is my client out of luck here.

Thanks

Judy

sjrcpa · ‎04-12-2022

Yes they are SOL.

The more I know the more I don’t know.

qbteachmt · ‎04-12-2022

You previously asked here:

No need to keep asking or starting it again as a new topic. If you have more info, you can reply to your own topic to update it.

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