In a deferred like-kind exchange, the like-kind property to be received must be identified within 45 days and acquired within 180 days from the initial exchange.

Name: In a deferred like-kind exchange, the like-kind property to be received must be identified within 45 days and acquired within 180 days from the initial exchange.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is correct according to the rules outlined in Section 1031 of the Internal Revenue Code for deferred like-kind exchanges.

In a Deferred Like-Kind Exchange, the Like-Kind Property to Be