What happens if I miss a 1031 exchange deadline on a 30A deal?

Missing a 1031 exchange deadline can eliminate the tax-deferred benefits of your exchange. The IRS requires you to identify your replacement property within 45 days of selling your original property and close within 180 days. If you miss either deadline, your exchange will generally fail, meaning you'll likely owe capital gains taxes and any applicable depreciation recapture.

The best way to avoid this is through careful planning. In a competitive market like 30A, having an experienced real estate advisor, qualified intermediary, and tax professional working together helps ensure every deadline is met and every opportunity is protected.

Luke Andrews understands how important timing is during a 1031 exchange. He helps investors identify replacement properties early, navigate the fast moving 30A market and keep transactions on track from start to finish. His proactive approach gives clients the best opportunity to preserve their tax advantages while securing an investment property that supports their long term goals.

Because every investor's situation is different, it is always wise to consult your qualified intermediary and tax advisor before beginning a 1031 exchange.