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Video: 180-Day Exchange Period
Every 1031 Exchange is subject to a 180 day exchange period. Watch this video for more details on the exchange period as it pertains to selling your relinquished property and purchasing your replacement property.
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Every Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange is subject to a 180 day exchange period. Watch this video for more details on the exchange period as it pertains to selling your relinquished property and purchasing your replacement property.