Deferred exchange
Also called: delayed exchange · forward exchange
An exchange in which the replacement property is received after the relinquished property is transferred.
What it means in practice.
The IRS describes a deferred exchange as one where, under an agreement, the property received is received after transfer of the property given up. Federal identification and receipt deadlines apply.
Why it matters.
This is the most familiar modern 1031 workflow and commonly uses a qualified intermediary.
Additional notes.
The IRS describes a deferred exchange as one where, under an agreement, the property received is received after transfer of the property given up. Federal identification and receipt deadlines apply.
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