For a nonsimultaneous exchange to qualify for like-kind provisions, the taxpayer must identify the property to be acquired within 90 days and actually close the transactions within 180 days.

Question

Quizplus · Accepted Answer

The taxpayer must identify the property within 45 days and complete the exchange within 180 days for it to qualify for like-kind exchange provisions.

For a Nonsimultaneous Exchange to Qualify for Like-Kind Provisions, the Taxpayer