Answered: 1031 exchange relinquished property late 2019 but replacement property not yet bought (expected in 2020). Advise to file an extension? How else to file 219?

Greta · ‎12-07-2019

sjrcpa · ‎12-07-2019

45 days to identify and earlier of 180 days or due date (determined with regard to extension) of tax return to replace. If not replaced by April 15 file an extension.

The more I know, the more I don't know.

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Just-Lisa-Now- · ‎12-07-2019

I thought they only had a certain number of days to identify the new property...they should have something done by April 15th, right?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

sjrcpa · ‎12-07-2019

45 days to identify and earlier of 180 days or due date (determined with regard to extension) of tax return to replace. If not replaced by April 15 file an extension.

The more I know, the more I don't know.

1031 exchange relinquished property late 2019 but replacement property not yet bought (expected in 2020). Advise to file an extension? How else to file 219?

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