To achieve maximum tax deferral benefit in a 1031 exchange, certain timelines and requirements must be met:
Engage a Qualified Intermediary (QI) prior to sale of the investment property to hold the 1031 funds in escrow
Identify potential replacement property(ies) within 45 days after the sale of the relinquished property
Close on the replacement property(ies) within 180 days after the sale of the relinquished property
Match an equal or greater amount of debt on the replacement property(ies)
Reinvest 100% of the net sales proceeds into the selected replacement property(ies)
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