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News & Press: Industry News

Limited Extension for 1031 Exchanges by IRS

Tuesday, May 19, 2020  
Posted by: Heather Starkey
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The IRS has granted relief until July 15, 2020 for taxpayers engaged in a 1031 exchange. The IRS has extended the 45-Day Identification and 180-Day Exchange Period deadlines for designated “time-sensitive actions” due to be performed on or after April 1 and before July 15. The IRS released Notice 2020-23 on April 9, 2020 to extend the 45-Day Identification and 180-Day Exchange Period deadlines in a 1031 exchange. Questions on the extension should be addressed to counsel or exchange accommodators handling the transaction.

California Land Title Association


1215 K Street #1816 Sacramento, CA 95814-3905
Email: mail@clta.org  |  Phone: 916-444-2647  |   Fax: 916-444-2851