You have 45 calendar days from closing to identify up to three replacement properties and 180 calendar days to close on at least one. These deadlines are absolute - no extensions, even for weekends or holidays. Your proceeds must go to a qualified intermediary at closing, not to you. Missing either deadline disqualifies the exchange entirely and triggers immediate capital gains tax on the full amount.
From the seller playbook: 1031 Exchange Execution
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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