We just received word that late yesterday, the IRS extended the 45 and 180 day deadlines for Section 1031 transactions. It appears that such deadlines which fall between April 1st and July 14th will be extended to July 15, 2020. We have also been alerted that our colleagues at IPX 1031 are working diligently with the IRS requesting that the start date be moved back to January 20th. We will keep you informed!
For now, if you have a Section 1031 in progress, be sure to contact us if you are concerned about making your deadlines, and hopefully we can provide the most current information! Call us at (262)785-1820.