--- title: IRS Announces Extended Exchange Deadline for Investors - Chicagoland 1031 Exchange description: Real estate investors who are selling property using a 1031 exchange received some welcome news last week! The IRS is extending the 45-day and 180-day deadline requirements. image: https://blog.chicagoland1031exchange.com/hubfs/IRS%20Extended%20Deadline.jpg --- [![logo-black-mobile](https://blog.chicagoland1031exchange.com/hs-fs/hubfs/logo-black-mobile.png?width=261&height=90&name=logo-black-mobile.png "logo-black-mobile")](https://chicagoland1031exchange.com/) [![logo-black](https://blog.chicagoland1031exchange.com/hs-fs/hubfs/logo-black.png?width=261&height=90&name=logo-black.png "logo-black")](https://chicagoland1031exchange.com/) [![brokercheck-white](https://chicagoland1031exchange.com/wp-content/uploads/2019/07/iconfinder_phone-call_2561306.png)(224) 245-5281](tel:224-245-5281) - [Default HubSpot Blog](https://blog.chicagoland1031exchange.com/insights-events) - [Section 1031 Exchange](https://chicagoland1031exchange.com/1031-exchange-program/) - [1031 Exchange](https://chicagoland1031exchange.com/1031-exchange-program/1031-exchange/) - [DST 1031 Exchange](https://chicagoland1031exchange.com/1031-exchange-program/dst-1031-exchange/) - [Available 1031 Properties](https://invest.chicagoland1031exchange.com/1031-exchange-properties) - [Resources](https://chicagoland1031exchange.com/1031-exchange-information/) - [What is a 1031 Exchange?](https://chicagoland1031exchange.com/1031-exchange-information/what-is-1031-exchange/) - [Delaware Statutory Trust 1031](https://chicagoland1031exchange.com/1031-exchange-information/delaware-statutory-trust-1031/) - [1031 Exchange Process](https://chicagoland1031exchange.com/1031-exchange-information/1031-exchange-process/) - [1031 Exchange Timeline](https://chicagoland1031exchange.com/1031-exchange-information/1031-exchange-timeline/) - [1031 Exchange Rules](https://chicagoland1031exchange.com/1031-exchange-information/1031-exchange-rules/) - [1031 Exchange FAQs](https://chicagoland1031exchange.com/1031-exchange-information/1031-exchange-faq/) - [1031 Real Estate](https://chicagoland1031exchange.com/1031-exchange-information/1031-real-estate/) - [Partnering with a 1031 Advisor](https://chicagoland1031exchange.com/1031-exchange-information/1031-advisors/) - [About Us](https://chicagoland1031exchange.com/1031-exchange-professionals/) - [1031 Professional](https://chicagoland1031exchange.com/1031-exchange-professionals/1031-professional/) - [A National Presence](https://chicagoland1031exchange.com/1031-exchange-professionals/a-national-presence/) - [Property Due Diligence](https://chicagoland1031exchange.com/1031-exchange-professionals/property-due-diligence/) - [Sample Exchanges](https://chicagoland1031exchange.com/1031-exchange-professionals/sample-exchanges/) - [Insights](https://blog.chicagoland1031exchange.com/insights-events) - [![brokercheck-white](https://chicagoland1031exchange.com/wp-content/uploads/2019/07/iconfinder_phone-call_2561306.png)(224) 245-5281](tel:224-245-5281) # Insights ![Blog Banner Image](https://blog.chicagoland1031exchange.com/hs-fs/hubfs/ch-website-images-header-homepage-option-03.jpg?width=1900&name=ch-website-images-header-homepage-option-03.jpg "Blog Banner Image") # Insights ### Subscribe to Our Blog - [1031 Exchange (17)](https://blog.chicagoland1031exchange.com/insights-events/tag/1031-exchange) - [DST 1031 Exchange (16)](https://blog.chicagoland1031exchange.com/insights-events/tag/dst-1031-exchange) - [COVID-19 (9)](https://blog.chicagoland1031exchange.com/insights-events/tag/covid-19) - [Insights (9)](https://blog.chicagoland1031exchange.com/insights-events/tag/insights) - [Coronavirus (7)](https://blog.chicagoland1031exchange.com/insights-events/tag/coronavirus) - [Delaware Statutory Trust (6)](https://blog.chicagoland1031exchange.com/insights-events/tag/delaware-statutory-trust) - [News (6)](https://blog.chicagoland1031exchange.com/insights-events/tag/news) - [Opportunity Zones (6)](https://blog.chicagoland1031exchange.com/insights-events/tag/opportunity-zones) - [Alternative Investments (5)](https://blog.chicagoland1031exchange.com/insights-events/tag/alternative-investments) - [Due Diligence (4)](https://blog.chicagoland1031exchange.com/insights-events/tag/due-diligence) - [NNN Lease (1)](https://blog.chicagoland1031exchange.com/insights-events/tag/nnn-lease) More Tags # IRS Announces Extended Exchange Deadline for Investors ##### Written by [Nathan Kuhn](https://blog.chicagoland1031exchange.com/insights-events/author/nathan-kuhn) on April 14, 2020 - [Tweet](https://twitter.com/share) Real estate investors who are selling property using a 1031 exchange received some welcome news last week! The IRS has issued new guidance extending the 45-day and 180-day deadline requirements currently defined in IRC section 1031.  The notice stipulates that anyone with a 45-day identification period or 180-day closing deadline that occurs between April 1st and July 14th will have their deadline extended until July 15th. A more detailed discussion on the new guidance can be found [here](https://www.bisnow.com/national/news/economy/nar-recent-irs-tax-deadline-extensions-benefit-1031-exchanges-103865). You can also view the IRS notice 2020-23 [here](https://www.irs.gov/pub/irs-drop/n-20-23.pdf). Several industry groups had recently lobbied the IRS and Treasury to issue an extension. They believed the extra time would help investors struggling to find replacement properties to still close on their exchanges amidst the COVID-19 lockdowns, thereby preserving their potential tax deferral benefits. The notice also extended the filing requirements for certain taxpayers and extended the time period until July 15, 2020 to make an election to invest capital gain into a qualified opportunity fund - if the original 180-day period expired on or after April 1, 2020 and before July 15 2020. As always, if you are completing an exchange, you should speak with your tax advisors to determine if you are eligible for this extension. Please [contact us](https://invest.chicagoland1031exchange.com/contact-us) if you have any questions about the extended deadline requirements. We’re happy to provide more detail and discuss if this applies to your 1031 situation. 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Such offers are only made through the sponsors Private Placement Memorandum (PPM) which is solely available to accredited investors and accredited entities. DST 1031 properties are only available to accredited investors (typically have a $1 million net worth excluding primary residence or $200,000 income individually/$300,000 jointly of the last two years, and reasonably expects the same for the current year) and accredited entities only. If you are unsure if you are an accredited investor and/or an accredited entity please verify with your CPA and Attorney. There are risks associated with investing in real estate and Delaware Statutory Trust (DST) properties including, but not limited to, loss of entire investment principal, declining market values, tenant vacancies and illiquidity. Potential cash flows/returns/appreciation are not guaranteed and could be lower than anticipated. Because investor's situations and objectives vary this information is not intended to indicate suitability for any particular investor. This material is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of the services referenced on this site are available in every state and through every advisor listed. For additional information, please contact Nathan Kuhn at 224-245-5281 Chicagoland 1031 Exchange does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstances. Securities offered through DAI Securities, LLC, member [FINRA](https://www.finra.org/) / [SIPC](https://www.sipc.org/). Advisory services offered through Kuhn Wealth Management, Inc. (KWM), a state registered investment advisor. Insurance offered through DAI Securities, LLC. KWM dba Chicagoland 1031 Exchange is independent of DAI Securities, LLC. Copyright © 2022 Kuhn Wealth Management. 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