- 1031 Exchanges
- Tenants-In-Common
- Exchange Details & Requirements
- Real Estate Professional
Dual Registration Program - Tax Professionals, Legal Advisors & Northland Securities1031
- About Us
- The Tax Deferred Exchange
- How to Initiate an Exchange
- 1031 Exchange Requirements
- Do's & Don'ts of 1031 Exchange Planning
- Can Your Tax Professional or Legal Advisor Be Your Qualified Intermediary?
- Exchange Terminology
- Like-Kind Property
- 1031 Qualified Property
- Delayed Exchange Deadlines
- Tenant-In-Common Interests
- Master Lease-Tenants-In-Common
- Non-Tax Reasons to Exchange
- Role & Selection of a Qualified Intermediary
- Role of a Tax Professional or
Legal Advisors - Disqualified Parties
- Tenants-in-Common Research &
Due Diligence Reports - Exchange Language
Delayed Exchange Deadlines
As the most common exchange, the Delayed Exchange has specific rules and deadlines that must be adhered to in order to complete a successful exchange.
Identification Period - The Exchanger must identify replacement property within 45 calendar days of the first relinquished property transfer. Replacement Property transferred after the initial 45 day identification period requires written notification to a qualified intermediary during the 45 day Identification Period. Please note, Exchangers have the option of identifying more than one property for an exchange.
Exchange Period - The period during which the Exchanger must acquire Replacement Property in the exchange. The Exchange Period starts on the date the Exchanger transfers the first Relinquished Property and ends on the earlier of the 180th day thereafter or the due date (including extensions) of the Exchanger’s tax return for the year of the transfer of the Relinquished Property.
Contact Northland Securities1031 for additional information regarding a 1031 Exchange. Tax professionals, legal advisors and a qualified intermediary should be consulted to assure a successful exchange.