1031 Vocabulary
Mixed-use property
Property the owner uses for dual purposes. Mixed-use property includes a residence, part of which the owner uses as an office, and vacation homes that the owners rent out and use for personal purposes.
 
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Wednesday, 10 March 2010
Identification period PDF Print E-mail
The forty-five day period beginning the day following the transfer of relinquished property and ending at midnight on the forty-fifth day.  During the identification period, the exchanger must identify replacement property to successfully complete a section 1031 exchange.
 
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