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.
 
Home arrow 1031 Vocabulary arrow Tenancy-in-common (TIC)
Friday, 03 September 2010
Tenancy-in-common (TIC) PDF Print E-mail
A co-ownership arrangement in which multiple parties own undivided interests in a single piece of property. TIC interests have become popular replacement property for section 1031 exchangers.
 
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