What are the key timelines for a like-kind 1031 exchange?

• A. 30 / 90
• B. 60 / 210
• C. 90 / 120
• D. 45 / 180

Answer: (D)

The key timing for a like-kind 1031 exchange revolves around two deadlines: identifying replacement property and completing the exchange. You must identify potential replacement properties within 45 days of the transfer of the relinquished property. Then you have up to 180 days to actually acquire and close on the replacement property, or to file your tax return for the year of the sale if that comes first, whichever ends sooner. Both periods start from the date of the relinquished property’s transfer and are strict; missing them disqualifies the exchange from tax deferral. The identification must be in writing and typically delivered to the intermediary handling the exchange. The 180-day window is the overall period to complete the purchase.