Deferred Exchanges
In a deferred or delayed exchange you sell your relinquished (old) property and then identify candidate or replacement properties within 45 days of your closing, and subsequently acquire all the replacement propeerties within 180 dfays of your closing or whenever your tax return is due. This last caveat means that if you close you sale late in the year, you may need to file an extension of your tax returnm to get all 180 days total before reportimng your exchange. Also, whatever replacement properties you acquire, need to be identified within the 45 day identification window.
