I have 8 more days to complete 1031 exchange.
Long story short this should have closed last week, but some crap came up from the bank underwriting. We're basically trying to save about 100k in capital gains tax so this is very important.....
I'm on day 172 of 180 for the exchange to expire.
Is there any creative solution to this?
First My Qualified Intermediary is a lawyer who said he can change or back date the 45 day period for identifying a like-property.
>Is there a REIT or something that I could quickly put the money in so I won't have to pay capital gains tax?
>Has anyone ever heard or know of a possible way to get an extension through the IRS on the 1031?
Does anyone else have creative solutions to a 1031 coming up to expiration?