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