1031 Exchange Deadlines
1031 exchange strategies have very specific deadlines or due dates that consist of the 45 day identification deadline or ID period, and the 180 day 1031 exchange period during which the 1031 exchange must be completed. 1031 exchange due dates can not be extended under any circumstances.
Start Date for Deadlines
The 45 day ID period and the 180 day exchange period both start running at the closing of the first relinquished (sale) property. The first day of both due dates or periods would be October 2nd if the relinquished property closed on October 1st.
45 Day ID Period
The real estate investor has exactly 45 calendar days to indentify his or her replacement properties to the 1031 exchange Qualified Intermediary. The identification can be changed at any time during the 45 day period, but can not be changed or altered at any time after the 45 day period has elapsed.
180 Day Exchange Period
Real estate investors have an additional 135 calendar days beyond the 45 day ID period, for a total of 180 days, during which they must complete the 1031 exchange by acquiring all of the replacement properties.