admin / January 25, 2019
One must close on one or more of the identified properties within 180 days of the date of closing on the old property. This is not 45 days plus 180 days. The 45 and 180 day periods run concurrently. The 180-day period is cut short if the tax return filing deadline comes up before the end of that period; one can get the full 180 days, however, by extending the time for filing the tax return.
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