You just closed on your investment property. The proceeds are sitting with your Qualified Intermediary. And now the most stressful part of the entire 1031 exchange process begins; a 45-day window that the IRS will not budge on, not even by a single day. The 45-day rule in a 1031 exchange  is the first of two non-negotiable deadlines that determine whether your tax deferral succeeds or falls apart entirely. From the date you transfer your relinquished property, you have exactl

To start a 1031 exchange, you must retain a Qualified Intermediary (QI) before closing on your sale. You have 45 days from the sale date to identify replacement property and 180 days to close. A successful exchange allows you to defer 100% of federal capital gains tax and depreciation recapture, provided you buy at equal or greater value, reinvest all sales proceeds and replace your debt. In the world of real estate investing, the 1031 exchange remains one of the most potent