The replacement property must be identified in writing and such acknowledgement must be sent to the qualified intermediary (“QI”) within 45 days from the closing of the relinquished property.
The replacement property must be acquired the earlier of:
(1) 180 days from the closing of the sale of the relinquished property
(2) the due date for the exchanger’s tax return for the year in which the relinquished property was sold
Preferred Qualified Intermediary: