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Brief Description of a 1031 Deferred Tax Exchange
Exchange Period: The replacement property must be received by the taxpayer within the "exchange period," which ends within the earlier of . . . 180 days after the date on which the taxpayer transfers the property relinquished, or . . . the due date for the taxpayer tax return for the taxable year in which the transfer of the relinquished property occurs. This 180-day rule is very strict and is not extended if the 180th day should happen to fall on a Saturday, Sunday or legal holiday.
Home Page | Featured Properties | Maryland MLS | Delaware MLS | What is my Property Worth? | 1031 Tax Exchange | Contact Me | Key West, Florida | Helpful Links Karen Ackermann REALTOR ® SRES, GRI, CRS; International PREVIEWS Licensed in MD and DE (800) 289-2822 ext 8820 / Cell Phone: (410) 430-6683 / Karen@BuySellOC.com
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