Quickly calculate the 45 & 180 day deadlines on your 1031 tax exchange. coExchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re which 1031 worksheet. See here for more details. Web that's why we're giving you the same 1031 exchange calculator our exchange experts use to help investors make informed decisions. Calculation of Capital Gain - Sale price $ (6) Less adjusted basis (line 5 above) ( (7) Capital Gain (lines 6 minus 7) $ (8) Type of Capital Gain - 25% rate gain (line 4 above) $ (9). Realized gain from the exchange (line 1 minus gain or Put your money to work for you by choosing to do a 1031 tax deferred exchange today. Calculate the taxes you can defer when selling a property. A Guide to 1031 Exchanges. Cost of capital improvements info_outline. The Treasury Regulations state the following: The 200% rule is applied to a multiple of the aggregate fair market value of the Relinquished Property, and assuming in an arms length transaction that the contract price is the fair market value, then you use the contract price and not the net sales price:Section 1031 of the IRC requires any investment real estate involved in a 1031 exchange to be “like-kind. These final regulations address the definition of real property under section 1031 and also provide a rule addressing the receipt of personal property that is incidental to. To qualify for a 1031 exchange, you’ll need to stick to the following rules: Like-Kind Property. 1031 exchange estate real invited title seminar leading edge re irs maclaren group exchanges1031 exchange example examples taxes gains depreciation deferred invest recapture capital bill replacement property had into his 1031 exchange calculator with answers to 16 faqs!Spreadsheet excel calculator amortization expenses 1031 fmla. (2) Based on amount of depreciation taken during ownership of the property. For example, enter "USD/EUR" to get the exchange rate from one United States Dollar to Euros. Definition of real property. In a 1031 exchange, any gain or loss that is not recognized due to the deferral of capital gains taxes is carried over to the replacement property. 1031(k)-1(g)(4)(ii) & (g)(6) provide that to have a valid exchange, the taxpayer’s rights to receive, pledge, borrow, or otherwise obtain the benefits of money or other property before the end of the exchange period must be expressly limited by agreement (a QI must effectively limit how and when the taxpayer can receive. Jeffrey Peterson is the president of CPEC1031, LLC. Watch on. Accumulated Depreciation multiplied by 25% deprecation capture tax rate = total Depreciation Recapture Tax that will be due along with the capital gain tax to the IRS without a 1031 exchange. $300,000 acquisition cost less $125,000 deferred gains = new basis of $175,000. 1031 exchange benefits. 1031 Crowdfunding launches Covenant Senior Housing REIT with $51. Edwards, JD, CES®. Treas. GeorgeM777. Failing to meet these deadlines may result in the disqualification of your exchange, leading to the forfeiture of the sought-after tax deferral benefits. Web worksheet april 17, 2018. A like-kind exchange, or 1031 exchange, can only be completed for real property. ; Complete the Asset Information section with the data from the 8824: . Sign it in a few clicks. Calculate the Realized Amount and New Property Basis. Like Kind Exchange Worksheet — Web this calculator is designed to calculate and the recognized loss, gain and the basis used adenine like kind exchanging. What is a 1031 exchange?Like kind exchange worksheet / completing a like kind exchange in the ️1031 exchange worksheet excel free download| goodimg. Web ficha para practicar el verbo like en afirmativo. Check Details 1031 like kind exchange worksheet. The net proceeds of a cash sale of real estate are subject to capital gains tax. Download Now. 65%. Calculate The Depreciation Basis for the Property on Sale. *Federal Capital Gain s Tax is between 15-20% depending upon annual household income. This 1031 Exchange calculator will estimate the taxable impact of your proposed sale and purchase. All three steps must be completed for the tax return to contain the correct information. Clients of Plenti enjoy the Plenti Financial Marketplace- a complete solution of clear, accessible services for real estate investors. It allows you to replace one investment or business property with a like-kind property and defer the capital gains on the sale if Internal Revenue Service (IRS) rules are meticulously followed. 0. Most like-kind exchanges are four-party arrangements involving a qualified intermediary (QI). This. * indicates required. Web that's why we're giving you the same 1031 exchange calculator our exchange experts use to help investors find smarter investments. 1031k-1 (g) (6) places limitations on. For starters, we’ll add detail to our earlier reference to the. In other words, IRC 1031 allows an investor to “defer” paying capital gains taxes on transfer or sale of an investment property in consideration of a “like-kind property”. How to fill out form 8824 worksheet: 01. 1031 Exchange Deadline Calculator. ”. They allow you to dispose of. Gain or loss on non-like-kind property transferred 3. type of Section 1031 exchange is a simultaneous swap of one property for another. Refresh the Exchange Data. Like Kind Exchange Calculator. Home purchase price: $500,000. Phone (609) 398-1031 -Toll Free (877) 513-1031 -Fax (609) 398-0500 - Email: info@1031ESI. See here for more details. Include your name and tax ID number at the top of each page of the statement. A 1031 exchange doesn’t make. The Exchangor owns a three apartment buildings in South Carolina. §1. Calculation of Capital Gain - Sale price $ (6) Requires only 10 inputs into a simple Excel spreadsheet. Capital Gains Tax. If the changes proposed under the American Families Plan are assumed in this example to have been enacted, we can observe that the tax benefits of exercising a like-kind exchange are drastically diminished. Estimate the realized and recognized gains to calculate the transfer basis. Property value = $200,000. This type has some timing rules, including that you have 45 days from the date of sale of the relinquished property to identify potential replacement properties in writing to your QI and 180 days from the date of sale of your relinquished property to. A Section 1031 "like-kind" exchange may be the answer if you are looking to sell your investment property and avoid costly capital gains taxes. See section 470(e)(4). 1031 Exchange Rules. Begin eSigning 1031 exchange worksheet excel with our tool and become one of the numerous satisfied clients who’ve already experienced the advantages of in-mail signing. There are many terms that fly around during a typical 1031 exchange: boot, constructive receipt, like-kind. 1031 Crowdfunding Launches Private Senior Housing REIT Aimed at ‘Lower. In this example, the amount is based on $400,000 of depreciation taken. 1031(a)-3, and 1. Subtract the amount realized from the cost basis of the new property and add the depreciated basis back in. There was $700,000 of depreciation leftover at the time of the exchange (aka "carryover basis"). 206-312-7194. And, the property or properties you purchase within those 180 calendar days must be on your 45-Day Identification list. Example 1: Imagine you sell a property for $325,000 — $100,000 more than you originally paid — with $15,000 in closing costs. In General an Exchange (known as a 1031 Exchange) is the sale of your property and then putting all of the money received into the purchase of a new Like Kind Property. Tax capital gains owe calculate minimize rates tips them businessGains wikihow Withholding wikihowGains irs excel taxes calculate. of additional equity available to reinvest through a 1031 exchange. To pay no tax when executing a. By doing this you avoid reporting all of ar at least a portion of the taxable gain of the sale on your current tax return. Regs. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Automatically create sample worksheets of IRS Form 8824. By hiring 1031X, investors who sell real estate can use a 1031 exchange to save money and grow their wealth. 50%. To qualify for tax deferral, the investor must reinvest into a new investment property (hence the term “exchange”). use of the §1031 exchange. As part of your like-kind 1031 exchange, you purchase a replacement property worth $275,000. Please enter your figures in the fields provided (enter your numbers with no commas or dollar signs, for example: 300000) and click on the "Calculate" button in each area to perform the calculations. 2KB. The values generated by this calculator does not constitute tax or legal advice. Like-Kind Exchanges Section 1031 regulations. Austin, TX 78701. Select the Exchange Data. 1031(a)-1, 1. An exchange is only reported as a multi-asset exchange if the exchanger transferred AND received more than one group of like-kind properties, cash or other (not like-kind) property. ” If - you would like a copy of this copyrighted spreadsheet, please provide us with your email address. In this case, you calculate your new basis by subtracting the capital gains deferred ($130,000) from the purchase price of the new property ($500,000), leaving you with a new cost basis of. 1031 (j)-1. 03. Over the course of numerous transactions the geometic growth in capital can be substantial. 1031 Exchange. Section. Use our calculator to explore the benefits of 1031 Exchange vs Selling: Contact. Like kind exchange worksheet 1031 exchange calculator excel. 7. (877) 797-1031. See Page 1 of the Instructions for Form 8824 on multi-assetparty in a like-kind exchange, you must file Form 8824 with your tax return for that year. The exchange facilitator can be a qualified intermediary or another person who holds exchange funds for you as part of an escrow, or exchange agreement. Like-kind exchanges -- when you exchange real property. If you’re ready to get involved with a 1031 exchange, call David Moore to get started today. Enter the Currency Pairs. Section 1031 provides that “No gain or loss shall be recognized if property held for use in a trade or business or for investment is exchanged solely for property of like kind. In practice, virtually any two types of real estate are like-kind. Line 26-38 Not applicable to 1031 exchanges WorkSheet #10 for Buy-Down only. Add the Closing Costs and Capital Improvement Costs for Your Real Estate. But the term “adjusted basis” of an asset means the cost of an. At some point you will have to take and pay tax on the full gain of the original value. §1. Suppose you are a real estate investor. Source: db-excel. 1031 exchange is purchased for $1,500,000. The proceeds from the sale of an investment property are subject to a combination of state and federal capital gains taxes, Medicare tax, as well as the tax on the recapture of depreciation and other fees. Number of years owned. The second is the 45-day identification period for finding a new. 1031 Exchange Calculation Worksheet And Sec 1031 Exchange Worksheet can be valuable inspiration for people who seek an image according specific categories, you can find it in this site. Putting the numbers together and calculating your capital gains tax burden on the sale of real estate can really show you how much you stand to save by doing a 1031 exchange. After 28 years in the business, our clients have processed $2. Select the fillable fields and put the required information. How to create. She wants to do a 1031 exchange into a $325,000 condo. Most importantly, I highly recommend that you only work with a QI that is associated with one of the major title companies. See Line 7, later, for details. It uses the date of the sale, adjusted basis, sales price, cost, commissions, exchange fee, liabilities, and mortgages. When it comes to the 1031 exchange, what is the 45 day ID rule and why is it so important? Measured from when the relinquished property closes, the Exchangor has 45 DAYS to nominate (identify) potential replacement properties and 180 days to acquire the replacement property. The relinquished property is the property given, while the replacement property is the property received. Net Sales Price in 2018 = $225,000. This gives you various exchange details that you can include in your spreadsheet. Computing Gain For Multi-Property 1031 Exchange. If the final replacement property is transferred in the next. 1 million. You cannot enter a multiple property exchange in TurboTax using the method you describe in your post. 1031 spreadsheet exchange tax section power property next deferred profits move looks intoExchange calculator 1031 1031 exchange worksheetExchange 1031 worksheet kind calculator excel section realized laptop experts investing difficult giving same think should why don re which. An investor that holds property longer than 1 year will be taxed at the favorable capital gains tax rate. Requires only 10 inputs into a simple excel. Depreciation is a tax deduction you take annually to account for wear and tear on the property. Worksheet form 982 1031 exchange insolvency excel worksheets irs printable db instructions39 1031 like kind exchange worksheet Reverse 1031 exchange forms1031 irs deferred. With this method, you leave all of the proceeds in and then pull tax free equity out of the new property by refinancing. Exchange worksheet summary kind property 1031 example smart accountants even 1031 exchange example cre introduction analysis. I just received your TaxPak. Needed alone 10 inputs into a uncomplicated Excel spreadsheet. The following is a basic breakdown of how to determine your capital gains tax burden during a real estate transaction:1031 Exchange Deadlines Calculator. 1031 Like Kind Exchange Worksheet And Form 8824 Worksheet Template. TX Location: 2106 E State Hwy 114 #407, Southlake, TX 76092. Use this calculator to help you determine the deadlines for the 45-Day Identification Period and the 180-Day Exchange Period based on the closing date you provide for the relinquished property. Qualified dividends and capital gains worksheet calculator — db-excel. A 1031 exchange, sometimes referred to as a “Like-kind” exchange and originating from IRS Code Section 1031, is a method of exchanging properties where you defer the payment of capital gains taxes on the. $ 7,273. 1031(a)-3, and 1. Web like kind exchange worksheet 1031 exchange calculator excel. Diversification in geographic region (multiple properties in multiple states);. Source: live-worksheet. This starts from the date of the sale of the relinquished property. Capital Gains Calculator. Like Kind Exchange Worksheet — Web this calculator is designed to calculate and the recognized loss, gain and the basis used adenine like kind exchanging. The IRS considers a property swap an investment and an excellent way to improve the economy. - Closing cost: $60,000. A 1031 exchange of multiple properties or assets occurs if there is one or more relinquished properties being sold and transferred and/or one or more like-kind replacement properties being identified and acquired. Our 1031 exchange calculator will help you to determine the tax deferment you will realize by performing a 1031 tax exchange rather than a taxable sale on your commercial property or multifamily property. Resources. Under Business Income scroll to 'Less Common Business Situations' > Start Sale of Business Property. Ensure compliance with IRS rules and optimize your tax savings. Reg. 15th Street Suite 700. When you sell a property, the IRS wants to tax the profit you made. Boot received (line 10 minus line 12) 14. , your attorney, your real estate agent, etc. Closing costs are $10,000, bringing the net. You’re required to pay capital gains tax on that money. 1031 Exchange Calculator . 17766 Preston Road Suite 200 Dallas, TX. Smaller of line 10 or line 11 13. 1. Try our simple property sale tax calculator below to find whether a 1031 exchange makes sense for you. . Properties must be “like-kind”. 1031 Exchange Calculator. A 1031 exchange, sometimes referred to as a “Like-kind” exchange and originating from IRS Code Section 1031, is a method of exchanging properties where you defer the payment of capital gains taxes on the sale of an investment property, so long as you purchase another like-kind property using the profit from the sale. A 1031 exchange is a real estate deal that lets you “exchange” one investment property for another. A guide to the uk property purchase cycle Worksheet qualified capital dividends tax gain form 1031 exchange irs 1040a excel foreign greenback explained. 1031 exchange qualify qualifies. 1031 Exchange Calculator Excel CALCULATORJHS. If a 1031 exchange is performed, it is any amount purchased less than the net sale OR any amount of cash taken from the net proceeds (often referred to as "boot"). To pay no tax when executing a 1031 Exchange, you must purchase at least. Please watch the video below for a brief walk through and more details: Benefits of a 1031 Exchange. Let’s go through an example. IRS Form 8824, the 1031 Exchange form, is where you report your Section 1031 Exchange – Delayed, Reverse, or Construction. WorkSheet #10 – Calculation of Recapture for Form 8824, Line 21. 7150 East Hampden Ave. Qualifying property must be held for use in a trade or business or for investment. . We always effort to show a picture with high resolution or with perfect images. Timing rules are strict in a 1031 Exchange. Open the template in the online editing tool. Our main office is located in downtown Minneapolis, but we help clients throughout the state of Minnesota and the country. Each property is owned by a different LLC, each LLC has the same common single member LLC as it’s member. Contact us today to schedule a time to chat with one of our intermediaries. Keywords: 1031 exchange worksheet, 1031 exchange calculator excel, 1031 exchange lesser value, form 8824 worksheet template, form 8824 calculatorAddendum A (1031 Exchange Cooperation Clause used in the purchase and sale agreement) Click here to download PDF. Web worksheet february 03, 2023 05:57 the 1031 exchange worksheet is often used in financial and accounting applications, because it allows users to import or export. blogspot. 1031 Like Kind Exchange Worksheet And Form 8824 Worksheet Template. com. Web according to irc section 1031, a 1031 exchange is a transaction which allows a tax payer to exchange one property for another by deferring the tax. Calculators Days Calculator Capital Gain Estimator. The Exchanger has found a Ranch that he needs to acquire before the three apartment buildings have been sold. Enter the pertinent information in the new asset received along with the Name or number of primary asset in like-kind exchange (code 279) of the two assets given up by pressing and entering Asset 1's asset number on one line and Asset 2's asset number on the second input line. Source: db-excel. In this example, you'd subtract $149,080 from $197,150 to find out that you put $48,070 of new value in, then add back the old property's depreciated value of $71,625 to find a new basis of $119,695. 1031(k)-1(g)(4)(ii) & (g)(6) provide that to have a valid exchange, the taxpayer’s rights to receive, pledge, borrow, or otherwise obtain the benefits of money or other property before the end of the exchange period must be expressly limited by agreement (a QI must effectively limit how and when the taxpayer can receive. Includes state taxes and depreciation recapture. This might be obvious, but it’s worth noting: in a 1031 exchange, both the property being sold/exchanged and the property being bought need to be purchased by the same party. Property used primarily for personal use, like a primary residence or a second home or vacation. You choose to sell your current property with a $150,000 mortgage on it. If you are selling a business or other personal property triggering gain, consider a Qualified Opportunity Fund (“QOZ”, “OZ” or “QOF”) which may offer tax benefits. IRS Regulations changed effective January 1st, 2018. Type text, add images, blackout confidential details, add comments, highlights and more. Irs 1031 Exchange Worksheet | TUTORE. " Net amount for Reinvestment. 3) Still other times boot is avoidable. You'll find this option in the upper-left side of the window. ** State Capital Gain s Tax varies by state and income level, 5% is just an estimate used as the default above. Use our 45/180-day 1031 exchange calculator to. Basis tax calculate 1031 exchange transitionAccounting shareholder tax How to calculate the capital gains tax on a propertyGains tax calculate dns accountants. TAKE ACTION. (877) 797-1031. Named after section 1031 of the IRS code, it allows you to sell an investment and buy another similar. Zillow has 38 photos of this $617,750 4 beds, 3 baths, 3,435 Square Feet single family home located at 1829 Lazear St, Loveland, CO 80538 built in 2022. 888-367-1031. Normally a 1031 exchange is used to defer the capital gains tax owed by reinvesting 100% of the proceeds from the sale of a relinquished property into the new replacement property. com Capital gains and losses calculator template for excel Capital gains worksheet for 2021. * indicates required. These calculations are estimates for the purpose of demonstration. Calculation, and Examples. Web exchanges limited to real property. A 1031 exchange is reported on IRS Form 8824 along with the normal tax return only when the exchange is completed. Internal Revenue Service Code that allows investors to defer capital gains taxes on any exchange of like-kind properties for business or investment purposes. 1031 Team Use its powerful functionality with a simple-to-use intuitive interface to fill out 1031 exchange calculation worksheet online, e-sign them, and quickly share them without jumping tabs. " Nick Russo 1031 Investor. Realty Exchange Corporation has created this simple Capital Gains Calculator and Analysis Form to estimate the tax impact if a property is sold and not exchanged, and to. Reasons not to do a 1031 exchange to save on taxes 30 1031 exchange calculation worksheet 1031 irs pdffiller calculation fillable fax. The 1031 exchange can be particularly helpful if you want. ) of your intent so they can properly assist you in conducting the transaction. Deferred exchanges are more complex but allow flexibility. Worksheet April 17, 2018. IRS and State Forms. 1031 Exchange Worksheet Excel And Example Of Form 8824 Filled Out can be valuable inspiration for those who seek a picture according specific topic, you can find it in this site. Boot results from a difference in value between the original property, known as the relinquished property, and the replacement property. You can use $200,00 from the sale and add $200,000 to put $400,000 down with a $300,000 mortgage. Internal Revenue Code, which allows you to avoid paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale within certain time limits in a property or properties of like-kind and equal or greater value. The taxpayer pays $198,000 less in tax using a Sec. (877) 797-1031. Flexibly switch between asset types. It sells for $650,000. Like Kind Exchange Calculator. 25 * total deferred gains of $500,000 = $125,000. How your tax is calculated: understanding the qualified dividends andWorksheet qualified capital dividends tax gain form 1031 exchange irs 1040a excel foreign greenback explained 1116 credit db agreement synthesis Capital gain tax worksheetQualified dividends. Sign it in a few clicks. (2) Based on amount of depreciation taken during ownership of the property. Check Details. Commercial property is depreciated over 39 years. 2. 01. To calculate the QI’s average 1031 funds on deposit, divide the aggregate dollar amount of exchanges obtained by Question 2. 1031 Exchange Manual; 1031 Exchange. Web realty exchange corporation has created this simple capital gains. What is a 1031 exchange? A 1031 exchange, named after section 1031 of the U. 11. One should not place confidence in this nor any calculator on 1031gateway. Austin, TX 78701. co1031 exchange worksheet excel. 1031 Exchange. This calculator is a guide to estimate your potential capital gains tax obligations and weigh your options for. Tax Deferred Exchanges Under IRC § 1031 Worksheet 1 Taxpayer Exchange Property Replacement Property Date Closed Before preparing Worksheet 1, read the attached. Requires only ten inputs into a simple Excel spreadsheet. This is also known as “boot. 1031 Calculator. (3) Rate varies by state. Web a 1031 exchange allows real estate investors to swap one investment property for another and defer capital gains taxes, but only if irs rules are met. It sells for $650,000. 25. This method is popular with investors looking to upgrade properties without paying taxes on proceeds. We also offer a 1031 exchange calculator. Original purchase price of property. Suppose you are a real estate investor. Web purchase price, exchange property less depreciation taken to date of sale less deferred gain from previous 1031 exchange (if any) net cash paid (same as line 3. Section 1031 sets specific time periods on the identification and receipts of replacement property. Like-kind exchanges -- when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind” -- have long been permitted under the Internal Revenue Code. Number of years owned. Click Blank workbook. Calculating taxes due upon sale vs 1031 exchange as a starting point, a. Immediately download the 1031 exchange calculator. Requires only 10 inputs into a simple excel spreadsheet. 1031 Exchange Rules and Information. Mail: Phone: Fax: Email: 1031 Corporation 1707 N Main St Longmont, CO 80501. A 1031 Exchange Requires You To Fulfill Two Crucial Rules. Because capital gains taxes may have to be. ”. Loveland Luxury Apartments for Rent. Few real estate exchanges are multi-asset exchanges. It was coming from reputable online resource which we enjoy it. Reverse 1031 Exchange Time Periods. There are two ways to depreciate real estate post 1031 Exchange. In addition, section 1031 doesn't apply to certain exchanges involving tax-exempt use property subject to a lease. Leader1031*, a subsidiary of Leader Bank, is proud to provide relationship Qualified Intermediary services with a world-class client service experience across all 50 states. Beyond the substantial tax advantages, dealing with The 1031 Exchange Experts was an excellent experience. The taxes deferred on the relinquished property (investment property sold) allow for greater net sales proceeds to. You target a replacement property and can roll over $100,000 of the $150,000 gain into it. com Check Details. ”. Even if you did not close on your Replacement Property until the following year, Form 8824. As a courtesy to our clients and their advisors, for reference and information purposes only, Legal 1031 is providing the following forms, links, related guidance, and articles regarding state and federal tax issues related to 1031 exchanges. Evaluate boot given and received. 1031 exchange rules 2022: a 1031 reference guide 1031 exchange nyc tax hauseit additional reverse taxpayers fees incur transfer also Exchange 1031 worksheet kind calculator excel realized section laptop experts investing difficult giving same think should why don re whichHow much profit (capital gains) you realized on the sale. Real estate investors selling investment properties can benefit from tax-deferred 1031 exchanges. Defer the tax. A. You could end up paying $20,000 to $30,000 in taxes after selling the rental property without doing a 1031 exchange. See Line 7, later, for details. You would like to do a 1031 exchange into a $2,500,000 Starbucks in Clearwater, Oklahoma. In theory, an investor could continue deferring capital. A 1031 exchange is a swap of one real estate investment property for. Start An Exchange; Start a Reverse Exchange; Calculators. from the University of Minnesota, and is a member of the Minnesota State Bar Association and the Tax Section of the American Bar Association. A definition of the form fields helps in understanding the information needed to accurately estimate your gains and basis. An exchange of real property held primarily for sale still does not qualify as a like-kind exchange. comGains dividends . com. Do not send them with your tax return. 1031 Exchange Calculation Worksheet and Sec 1031 Exchange Worksheet. A like-kind exchange consists of three main steps. This person may not be the taxpayer or a disqualified person. A taxpayer will also trigger taxes if they opt to receive some cash out at the closing of their relinquished property. ”. He is driven by his passion for providing superior. Internal Revenue Code, is a way to postpone capital gains tax on the sale of a business or investment property by. Proc. 45 / 180 Day Calculator. 5MM in proceeds and reinvest $1MM into the new property. Let’s say you sold a relinquished property for $2 million but you had a $250,000 remaining basis in the relinquished property. Web this 1031 exchange calculator will estimate the taxable impact of your proposed sale and purchase. Make the most of your investment with our 1031 Forward Exchange services. 1031 Exchange Calculator Excel CALCULATORJHS. It is important to speak with an experienced real estate attorney. It was a great help. 303-684-6899. 45 Day Deadline: You must identify your replacement properties to your qualified intermediary by midnight of the 45th calendar day following the close of selling the property.