Net lease glossary
Exchange Period (180 Days)
The deadline to close on replacement property in a 1031 exchange: 180 days after selling, or the tax return due date if earlier.
The exchange period ends on the earlier of 180 calendar days after the relinquished property transfer or the due date, including extensions, of the investor's tax return for that year. The 45-day identification period runs concurrently inside it. Investors who sell late in the year may need to extend their tax return to preserve the full 180 days. As with the 45-day rule, the deadline is not extended for weekends or holidays.