45 DAY - 180 Day Rules
'1031 investing if for accredited investors only'
45 - Day Rule
The time to identify a property as a replacement is without exception within 45 days or less after closing on your relinquished property or properties.
Idenfication Rules
Part #1 of the 45 - Day Identification Rule
The first part of the 45 day rule is called the 3 Property Rule. It states that if you list or name three or fewer properties on your list, the total value of the combine properties doesn't matter.
Part #2 of the 45 - Day Identification Rule
The second part of the 45 - Day rule is called the 200% rule. It states that if you exceed more than 3 properties the combined value of all the properties your list can not exceed more the 200% of the property you sold.
Part #3 of the 45 - Day Identification Rule
The third and final part of the 45 - Day Indentification Rule is called the 95% Rule. It states without regard for properties' aggregate market value, you can identify as many properites as you want. But then you must acquire at least 95% of the total value of all properties you identified.
180 - Day Rule
The 180 - Rule states an investor must close on their replacement property 180 days from the day they closed on the their relinquished property.
or
The Federal tax return due date for the tax year when relinquished property(ies) were first sold.
If the relinquished property was sold within 180 days of Federal tax filing due date, an extension may be necessary. Then with an extension, the full 180 day window can be utilized.
'1031 investing if for accredited investors only'
Your 1031 Exchange Team
1031 Exchange Basics
Qualified "Like-Kind" Property
The Role of a Qualified Intermediary