How does the 1031 timeline work?
Description: An overview of the timeline in a 1031 exchange
The 1031 exchange time line begins the day after the escrow closes on the sale of your property. So you have 45 days to identify replacement properties, you can pick up to 3. Then you must close on the replacement property in 180 days from the closing. Many people tell me they think this process is much more complicated than it is and really the guidelines are very simple but please remember you are dealing with the IRS so there are NO EXCEPTIONS to missing a timeline or not following a rule.
