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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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- 1031 Exchange time restrictions
1031 Exchange time restrictions
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JudyB
Level 3
04-12-2022
08:52 AM
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I am searching for the requirements to apply for an extension of time for an exchange.
Everything was done correctly, notice (45 Days), offer on property with closing within the 180 days.
But the deal fell through and they had to start their search again, as with the market as it was(is), their other options had been purchased.
Is my client out of luck here.
Thanks
Judy
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2 Comments 2
sjrcpa
Level 15
04-12-2022
10:20 AM
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Yes they are SOL.
The more I know, the more I don't know.
qbteachmt
Level 15
04-12-2022
10:25 AM
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You previously asked here:
No need to keep asking or starting it again as a new topic. If you have more info, you can reply to your own topic to update it.
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