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

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