Escrow & Title
What is a 'deferred exchange' in a 1031 exchange and what are the key deadlines?
AA 1031 exchange with no time limits
BA tax-deferred exchange where the relinquished property is sold first, proceeds held by a qualified intermediary, and a replacement property identified within 45 days and closed within 180 days✓ Correct
CAn exchange where the replacement property is purchased before the old one is sold
DAn exchange available only for Nevada commercial properties
Explanation
A Starker (deferred) 1031 exchange requires: (1) the relinquished property is sold; (2) proceeds go to a qualified intermediary; (3) replacement property is identified within 45 calendar days; and (4) exchange is completed within 180 days. These strict deadlines cannot be extended except in presidentially declared disasters.
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