Discussion:1031 multiple property exchange and ID period

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Revision as of 14:26, 2 August 2006

Discussion Forum Index --> Tax Questions --> 1031 multiple property exchange and ID period

MSTguy (talk|edits) said:

2 August 2006
I'll admit I haven't done a lot of research on this yet, but sometimes asking here provides quicker answers.

Facts: Taxpayer relinquishes 3 separate properties in exchange for a single property in a 1031 exchange. The 3 relinquished properties are transferred on separate dates - for example, the 1st on June 8th, the 2nd on July 11th, and the 3rd on July 14th.

At what point does the 45-day identification period for identifying replacement property begin? Does it start with the date of the 1st transfer or the date of the last?

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