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Guy Y.

By Drew McCabe | September 10, 2019

Guy Y.

Thanks Dave! The way things fell into place and the timing is something I never could have orchestrated. The term "on a wing and a prayer" comes to mind. I know you get it. ;-} -Guy Y.
Exchange Resource Group, LLC
5
2019-09-10T10:22:07-06:00
Thanks Dave! The way things fell into place and the timing is something I never could have orchestrated. The term "on a wing and a prayer" comes to mind. I know you get it. ;-} -Guy Y.

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IRS Extends 1031 Like-Kind Exchange Deadlines in the Wake of Various Natural Disasters

Each listed Disaster Areas has its own Disaster Date on which tax relief, including the extension of 1031 Exchange deadlines, is keyed. The IRS’s Disaster Relief Notices, in conjunction with Revenue Procedure 2018-58, give taxpayers two options to extend their 1031 Exchange deadlines: a general relief option (for Exchanges in progress on or after the Disaster Date) and an extended relief option (for Exchanges in progress on or before the Disaster Date). Depending on when your Exchange began, you may qualify for one or both of these options.

Please consult with your tax advisor for further guidance. The Notice reference and Disaster Date for each Disaster Area follows.

Click here for the full article

Sincerely,

Drew McCabe, President
Exchange Resource Group, LLC

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