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1031 Exchanges

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Carson Plant
  • Rental Property Investor
6
Votes |
44
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1031 tax exchange...,

Carson Plant
  • Rental Property Investor
Posted Jun 28 2019, 17:53

I have been working on selling a property and then reinvesting into another one. I’m supposed to close on both properties on same day but the one I’m selling just called and put off sale unit a week after I close on the property I’m buying. My question is can I still do the 1031 exchange? I tried putting off the property that I am buying but I can’t so will have to close on it now before I sell the property. I also my taxes lady said as long as it in the 45 days I can do it but I’m not sure about that.

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