SBTS
Level 3
05-02-2020
08:40 PM
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Thank you George4Tacks for your response.
I believe the 1/2/2019 date is the starting of the 45-day period in which the TP has to identify the property it will relinquish.
Since it is a reverse exchange, I am not sure if the identification date in this example will be 2/10/2019 or 5/8/2019.
I am quite certain its one of these dates but not sure enough and need guidance from someone who has does these in the past.
Selecting the incorrect date may inadvertently jeopardize the exchange.