This is the most common type of 1031 exchange. You will hear it referred to as a delayed or starker exchange. Upon selling your property(s) (relinquished property), you have 45 days to identify what property(s) (replacements property) you will be acquiring. Upon completion of the 45 days deadline, you will have an additional 135 days to close escrow on the replacement property(s) that you identified in those first 45 days. The total transaction cannot exceed 180 days from the close of escrow on your relinquished property. 45 days to identify and 135 to close, for a TOTAL of 180 days.
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