180 Day Closing Coordination
Closing deadline monitoring and lender coordination to meet 180-day requirement
180-day closing coordination services help investors complete replacement property acquisitions within the required timeframe. The 180-day period begins when the relinquished property closes and includes the 45-day identification period. Our Columbus, OH team provides deadline tracking, closing coordination, Qualified Intermediary coordination, and qualified escrow management to ensure timely completion. We coordinate with lenders, title companies, and other parties to streamline closing processes and prevent deadline misses. Missing the 180-day deadline can result in exchange failure and immediate tax liability.
What's Included
- Deadline tracking from relinquished property closing date
- Closing coordination with lenders and title companies
- Qualified Intermediary coordination for fund disbursement
- Qualified escrow management
- Automated reminder system for deadline approach
- Documentation coordination for closing
Common Situations
Investor in Columbus, OH needs help coordinating replacement property closing within 180-day deadline
Portfolio owner wants deadline tracking and closing coordination to ensure timely completion
Investor needs Qualified Intermediary and qualified escrow coordination for closing
Frequently Asked Questions
When does the 180-day closing deadline start in Columbus, OH?
The 180-day closing deadline in Columbus, OH begins on the date the relinquished property closes, the same day the 45-day identification period starts. The deadline expires 180 days later, and replacement property acquisitions must close by this date. We track deadlines from closing date and coordinate all parties to ensure timely completion.
What happens if I miss the 180-day closing deadline in Columbus, OH?
Missing the 180-day closing deadline in Columbus, OH typically results in exchange failure, meaning you cannot defer capital gains tax and must pay tax on the entire transaction. Extensions are generally not available except in limited circumstances such as presidentially declared disasters. We help prevent deadline misses through proactive tracking and closing coordination.
How does boot affect the 180-day closing deadline in Columbus, OH?
Boot doesn't affect the 180-day closing deadline in Columbus, OH, but it does affect tax consequences. Even if you close within 180 days, boot received is subject to capital gains tax. We help structure acquisitions to minimize boot exposure while ensuring timely closing within the deadline.
Example Engagement
Example of the type of engagement we can handle
Client Situation:
Investor in Columbus, OH identified replacement properties and needs help coordinating closing within the 180-day deadline while managing lender and title company requirements
Our Approach:
We tracked the 180-day deadline from relinquished property closing, coordinated with lenders and title companies, worked with Qualified Intermediary to structure fund disbursement, and managed all documentation to ensure closing occurred before the deadline
Expected Outcome:
Client successfully closed on replacement property within the 180-day deadline, with all funds properly disbursed through Qualified Intermediary and qualified escrow, completing the exchange with full tax deferral benefits
Educational content only. Not tax, legal, or investment advice. Not tax, legal, or investment advice. Consult a qualified intermediary and tax advisor before making decisions.
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