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Relinquished Property Closing
45-Day ID Deadline
45
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180-Day Close Deadline
180
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Exchange Timeline
📋 Key 1031 Exchange Rules
- 45-Day Rule: You must identify potential replacement properties in writing within 45 calendar days of closing. No extensions — even if the deadline falls on a weekend or holiday.
- 3-Property Rule: You may identify up to 3 replacement properties regardless of value, OR any number of properties whose combined FMV doesn't exceed 200% of the relinquished property value.
- 180-Day Rule: You must close on the replacement property within 180 calendar days of closing (or the due date of your tax return, whichever is earlier).
- Qualified Intermediary: You cannot touch the sale proceeds. A QI must hold the funds from day one.
- Like-Kind: Replacement property must be like-kind (real property for real property in the US). Residential, commercial, land, and multifamily all qualify.
- Equal or Greater Value: To defer 100% of capital gains, the replacement property must be of equal or greater value and you must reinvest all equity.
⚠️ This tool is for informational purposes only. 1031 exchanges have strict rules — always work with a licensed Qualified Intermediary (QI) and tax advisor. Missing either deadline disqualifies the entire exchange.
When your investor goes under contract on the replacement property, Closebly handles the transaction coordination.
See TC Plans →