By Jarred Schenke | Bisnow Atlanta
Investors who have like-kind exchange or opportunity zone deadlines between April 1 and July 15 now have a little more time to close their deals.
The IRS issued new guidance Thursday night that granted all taxpayers, including “trusts, estates, corporations and other non-corporate tax filers” a filing extension until July 15.
The National Association of Realtors told its members the decision benefits investors who are involved in 1031 exchanges or opportunity zone investments. With 1031 exchanges, investors who have to either identify or close on a property between April 1 and July 15 now have until July 15.
“This extension is welcome relief for our clients that have found it difficult to move forward in the current market environment.” ~Cameron Carter, Partner and Director of Transactional Department at Rose Law Group
