Escrow & Title
Concurrent closing in a 1031 exchange means:
ABoth the sale and purchase close simultaneously✓ Correct
BThe exchange occurs over two years
CThe exchanger uses a qualified intermediary
DTwo properties in different states are exchanged
Explanation
A concurrent (simultaneous) exchange is the simplest form of 1031 exchange where both the sale of the relinquished property and purchase of the replacement property close at the same time.
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