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Nationwide,
Toll-Free:
866-694-0204 |
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"I
have 45 days to identify replacement
property for my exchange. What if
I change my identification after
the 45 days?"
If you
change your identification after
the 45th day, you’re in
big trouble. If you get caught,
your exchange will be disallowed.
You’ll also be subject to
penalties, which will probably
run 100% of the tax. You’ll
owe interest on both the tax and
the penalties, and you could even
end up in jail (yes, people have
gone to jail for this).
--The
Experts
TEE-Shots
are Tips
from the Exchange
Experts
that are designed to make you think about, and ask questions about, the 1031 exchange process.
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