Closing on my real estate is 7/25/07...what is the time line I
should follow to utilize the 1031 process?
Chosen Answer:
As a 1031 Accommodator with First American Exchange Company, one of the country's largest 1031 Accommodators, let me help answer your questions, 1 at a time.
First, you cannot use the 1031 to purchase property outside of the United States. Per the code, you must sell and buy property in the United States.
As far as time frames, if your transaction were to close on 7/25/07, the next day, 7/26/07, would be Day 1 of your
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