Once the sale of the Relinquished Property^* has taken place it is important to keep in mind the next step in completing the Section 1031 exchange process. The next step is the 45-day designation notification. It is also very important that the taxpayer makes sure that the closings on the designations will take place within the 180 safe harbor periods. We have detailed both the 45-day designation period and the 180-day safe harbor periods in the sections below. Note: The IRS is determined to hold the taxpayer to the 45 day and 180 day deadlines. On rare occasions they expand these deadlines ex: State of emergency (hurricanes, September 11, 2001). In addition, we have included a section regarding our fees for the exchange process.

The 45-day designation notification must be in writing, and must arrive in the Qualified Intermediary's office within 45 days from the sale of the Relinquished Property^*. Learn More

The 180 Safe Harbor period ends the 180^th day from the Sale of the Relinquished property^*. This means that the Section 1031 exchange process must be completed within this period to be considered safe. Learn More

Please note our fee schedule and that there is no additional charge for an interest bearing account. Also please be reminded that it is the taxpayer's responsibility to retain copies of all closing documents for their tax advisor. Learn More

*	Please note if you are completing a Reverse exchange these dates are equally Important and based on the purchase date of the replacement property.