Buying, selling and operating apartments in Portland

IRS – 1031 Extension / 10 Apr 20 | 10 April 2020

CHECK WITH YOUR 1031 ACCOMODATOR/QI BEFORE MAKING ANY DECISIONS REGARDING AN EXCHANGE!!!

 

<<<<IRS Notice 2020-23>>>>

(Right-click to download)

 

IRS Notice 2020-23 provides that any 45-day or 180-day deadline that occurs between April 1 and July 15, is automatically extended to July 15, 2020.

 

Therefore, if an Exchanger’s 45-day identification period or 180-day exchange period falls between April 1, 2020 and July 15,2020, the Exchanger will have until July 15 to complete these actions.

 

The extensions are automatic, but not mandatory, and allow the Exchanger to conclude the exchange based on the original deadlines.

 

 

Steve Morris – Principal Broker

SMI Commercial Real Estate, LLC

3625 River Road N Ste 250 Keizer, OR 97303

O 503.390.6060

C 503.970.4593

steve@smicre.com

www.smicre.com

OR Principal Broker License # 200202054

WA Managing Broker License # 24512


Leave a Comment »

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: