1031 Vocabulary
Multi-party exchange
An exchange involving at least three parties. In a typical multi-party exchange, the exchanger transfers relinquished property through a qualified intermediary to a buyer. Later the exchanger acquires replacement property through the qualified intermediary from a seller.
 
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Monday, 06 February 2012
Identification period PDF Print E-mail
The forty-five day period beginning the day following the transfer of relinquished property and ending at midnight on the forty-fifth day.  During the identification period, the exchanger must identify replacement property to successfully complete a section 1031 exchange.
 
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