Replacement property generally must be received by the earlier of the 180th day after transfer of the relinquished property or the due date, including extensions, of the tax return for the year of transfer. Calendar planning is therefore part of exchange planning—not an afterthought.
Professional use
Use this resource to frame questions for your qualified intermediary, CPA, attorney, broker and lender. Facts and deadlines should be verified against current law and the circumstances of the transaction.
Primary reference: view source.