1031 Exchange Timeline Checklist

☐ Sale closes on relinquished property

☐ Exchange agreement signed with Qualified Intermediary

☐ Sale proceeds transferred directly to Qualified Escrow Account

☐ Record the sale date: ____________

Deadline: 45 days from Day 0 = ____________

☐ Research potential replacement properties

☐ Identify up to 3 properties (or use 200% rule)

☐ Prepare written identification document

☐ Submit identification to Qualified Intermediary before deadline

☐ Keep copies of all identification documents

Deadline: 180 days from Day 0 = ____________

☐ Negotiate purchase of replacement property

☐ Complete due diligence on replacement property

☐ Secure financing if needed

☐ Notify QI of closing details

☐ Exchange funds disbursed to closing

☐ Close on replacement property before deadline

⚠ These deadlines are STRICT and cannot be extended (except for declared disasters)

⚠ The 180-day period runs from Day 0, NOT from Day 45

⚠ Weekend and holidays count toward your deadlines

⚠ Keep copies of all documents for your tax return (Form 8824)

⚠ Report the exchange on your tax return for the year the exchange completes