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Updated about 5 years ago on . Most recent reply presented by

Bilal A.'s profile image
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Bilal A.
  • Investor
  • from Minnetonka, Minnesota
  • Member since Sep 12, 2017
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Bilal A.'s profile image
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Bilal A.
  • Investor
  • from Minnetonka, Minnesota
  • Member since Sep 12, 2017
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Bilal A.
  • Investor
  • Minnetonka, MN
18
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54
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1031 Exchanges

Extension of deadlines realted to 1031 exchange

Bilal A.
  • Investor
  • Minnetonka, MN
Posted

Are there any provisions in the CARES act or any legislation related to the pandemic that extend 1031 exchange deadlines in 2020 for investors? Looking to identify anything that will allow extension of 45 day property identification or 180 day closing windows. Thanks in advance.

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Lien Vuong's profile image
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Lien Vuong
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  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong's profile image
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Lien Vuong
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  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

@Dave Foster is correct, nothing announced yet so I would plan for worst case scenario and just go with regular timeline. Ask your current buyers if they're able to extend to acquiesce to your difficult exchange search now. Proactive is always better than reactive. 

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