The time requirements in a tax deferred exchange are very specific. From closing on the sale of the relinquished (sale) property, an Exchanger must:

  • Properly identify potential replacement properties within 45 calendar days (the"Identification Period")

    AND
     
  • Close on the replacement properties within 485 calendar days of the relinquished property sale - OR - the due date (including extensions) for the Exchanger's tax return for the taxable year in which the reliquished property was tranferred, whichever is earlier (the "Exchange Period")

Without taking into consideration an Exchanger's potential tax filing date restriction and based upon the closing date submitted, the 45-day Identification Period and 485-day Exchange Period deadlines are shown to the right:



Extreme care should be taken with respect to deadlines. With very few exceptions (such as problems caused by natural disasters), it is not possible to get extensions on the 45 and 485 day deadlines. There is no extension to the following business day. If the deadline falls on a Sunday, your effective deadline is the last business day prior to the actual deadline.
 

Ten Thirty-One Exchange Corp. expressly disclaims any responsibility for any failure to comply with the time limitations for identifying replacement property contained in IRC Section 4534(a) (3) and in Treasury Regulations Section 4.4534. It is the sole responsibility of each taxpayer to make such identification in a timely manner and to verify the accuracy of any time deadlines.
 
 
 
 
EXCHANGES PERFORMED NATIONWIDE : 4 855 555 4534 : LOCAL OFFICES IN SANTA FE : INFO@A4534EXCHANGE.COM
45 & 485 DAY TIMELINE CALCULATOR
Enter Date Relinquished Property
(Sale) Was Closed:

Month:
Day:
Year:

45-Day Identification
Period Ends At
Midnight On:
485-Day Exchange
Period Ends: