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Webcast No. 8: Extension for 1031 exchanges during pandemic

There has been an extension announced by the IRS for 1031 exchanges, giving the option for some relief on the 45 day and 180 day period deadlines.

If you or someone you know is currently in a 1031 exchange, or soon to be, please consult with your 1031 accommodator for full details, but here is how I understand it:

It appears that if your 1031 ID period OR your 180 day deadline falls between April 1st 2020 and July 15th 2020, you can elect to get this deadline pushed to July 15th.

Things are changing at a much faster pace now than even 1 month ago. We are here to help and will continue to do our best to keep you informed.