Finance
Under a 1031 exchange in Idaho, the investor must identify the replacement property within how many days of closing the relinquished property?
A30 days
B45 days✓ Correct
C90 days
D180 days
Explanation
Under IRC Section 1031, the investor must identify potential replacement property within 45 days of closing the relinquished (sold) property and must complete the exchange (close on replacement property) within 180 days.
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