1031 Reverse Exchange and the 180 Day Rule


B

Brighthouse

According to the safe-harbor provisions in Rev Proc 2000-37,
the Exchange Accommodation Titleholder (EAT) is not suppose
to park the replacement property for more than 180 days. If
the EAT did hold the property for more than 180 days, does
that disqualifiy a 1031 exchange. As I understand from
some, that sometimes things can be done to get around the
180 days and still qualify for deferred gain under a 1031
exchange. I can't seem to find "WHAT CAN BE DONE" to get
around this 180 days.

If the EAT holds the replacement property for more than 180
days, is there anything that I should do on the tax return
for disclosure purposes. Thanks in advance.

Best Regards,
Ken
 
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