PTIN Seal

Capital Gains & Losses

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Capital Gains & Losses
  4. Is there a time limit within to finish a tax free like kind exchange ?

Is there a time limit within to finish a tax free like kind exchange ?

Generally, you have 45 days to identify the like kind exchange property and 180 days to complete the exchange. No extensions of time are allowed. The property must be described in a written document with a legal description or street address.

Need Professional Help?

If you need help with "Capital Gains & Losses" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.