What are the deadlines for a 1031 exchange?
Hello there, I was wondering if you could clarify the deadlines involved in a 1031 exchange for me? Specifically, I'm curious about the time frame within which I need to identify potential replacement properties and also the deadline for actually acquiring those properties. Are there any penalties for missing these deadlines? I'm trying to plan my investments accordingly and would greatly appreciate any insights you could provide. Thank you in advance for your assistance.