Kristin wants to defer a like-kind exchange. In order to qualify as a deferred exchange Kristin...

Kristin wants to defer a like-kind exchange. In order to qualify as a deferred exchange Kristin must identify in writing, the property to be received within: 1) 30 days after the date that the property given up in the exchange is transferred. 2) 45 days after the date that the property given up in the exchange is transferred. 3) 60 days after the date that the property given up in the exchange is transferred. 4) 180 days after the date that the property given up in the exchange is transferred.

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Expert Solution

Here the answer is option 2.

45 days after the date that the property given up in the exchange is transferred.

Kristin has to identify other assets within 45 days of sale.

Proceeds from the sale of first property must be used to purchase another within 180 days

jeff jeffy answered 2 years ago

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