1031 Vocabulary
Identification period
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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Monday, 08 September 2008
Improvements exchange PDF Print E-mail

An exchange employing exchange proceeds to construct replacement property before the exchanger acquires it.

There are five improvements exchanges: (1) the seller-facilitated improvements exchange, (2) the accommodator-facilitated improvements exchange, (3) the leasehold improvements exchange, (4) the improvements exchange on exchanger-owned property, and (5) the deferred improvements exchange.
 
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