Esquire Exchange

Pursuant to the provisions of IRC §1031, qualification for a tax deferred exchange requires strict adherence to certain time limitations. More specifically, once the sale of the relinquished property occurs, an Exchanger must:

•

Properly identify as property to be received in an IRC §1031 exchange (replacement property) on or before the day which is 45 days after the date on which the taxpayer transfers the property relinquished in the IRC §1031 exchange (the "Identification Period")

and

•

Close on the replacement property(ies) prior to the earlier of:

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the day which is 180 calendar days after the date on which the taxpayer transfers the property relinquished in the exchange; OR

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the due date (determined without regard to extensions) for the Exchanger's tax return for the taxable year in which the relinquished property was transferred (the "Exchange Period").

Enter the closing date of your relinquished property (date title transferred to your Buyer).

MONTH:	DAY:	YEAR:

Esquire Exchange, LLC cannot provide legal or tax advice regarding the specific tax consequences of a transaction. Investors considering an Internal Revenue Code §1031 tax deferred exchange should seek the counsel of their accountant and attorney to obtain professional and legal advice.