Deferred Exchange Logistics
In a deferred or delayed exchange, your relinquished property is sold at Time 1, and after a delay of up to 180 days, your laste replacement property needs to be acquired and closed. The Exchanger has a maximum of 180 days from the closing of the old relinquished property or the due date of that year's tax return, whichever occurs first, to acquire and close all replacement property. This is called the Exchange Period. The first 45 days of that period is called the Identification Period.During these 45 days, the Exchanger must identify the targeted property or properties which will be used for the replacement property. Your identification must:
