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Your 1031 Exchange Deadline has been Extended!

Defer Taxes with 1031 ExchangeThere are actually a few good things coming out of this pandemic. We get to spend so much more time with our family, hanging out at home and enjoying those around us. We get to file our taxes a little later this year, which is great if we owe taxes. We also get to extend our 1031 exchange, also known as a Starker exchange, deadline if we are in the middle of an exchange. That’s right, your 1031 exchange deadline has been extended!

1031 Exchange Extension

Pay attention if you are already in the middle of an exchange, meaning you bought or sold a property and your clock is ticking. If your deadline to identify a replacement property or to complete your exchange is before July 15, 2020, it has just been extended to July 15, 2020. 

Stay at Home

This means you can follow the stay at home order, if there is one happening in your area. You don’t have to rush out and find a replacement property or act hastily during this public health crisis. There is still time to do your homework and ensure you make a good decision.

It’s easier than ever to find a home or investment property from the comfort of your own home. Many homes offer virtual tours or videos, a multitude of photos, neighborhood info and even video chats inside the home. You don’t need to leave the sofa until it’s safer to do so. If you’re looking for a replacement property in the Summit County area, search all properties for sale now.

Of course, everyone’s circumstances are different so you should check with your QI, qualified intermediary, company or tax expert and make sure you fit all the requirements and follow the adjusted rules.

Posted in: Homeowner Information Tagged: 1031 Exchange, Coronavirus

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About Us

Mountain Living Real Estate, a.k.a. The Mountain Living Team, is a family owned, second generation, real estate company that has been helping buyers and sellers in Summit County since the early 90’s.  Mountain Living Real Estate is committed to going above and beyond to ensure their clients have the most amazing real estate experience possible.  Jason & Meredith take a personal approach to educate their clients, empowering them to make high quality decisions no matter the situation.  They take exceptional care throughout the sales process and beyond; striving to make each client’s path in Summit County one filled with fun, excitement & great memories.

Work with Mountain Living Real Estate and you’ll understand why so many people say, “We Love Mountain Living!”

Testimonials

View from Silverthorne

Professionally executed from start to finish

William from TX Mountain Living Real Estate November 25, 2020

Honest and realistic about pricing and negotiating. On the clients side for negotiations. Willing to go extra mile for anything we needed since we were out of state.

Kristin from VA Mountain Living Real Estate October 6, 2020

Thank you Jason and Meridith for all you did . We were very impressed from the start to the finish . Jason was very timely with his responses to any questions or concerns we had . His very calm and professional demeanor was most reassuring. The photos that Meridith took were professional grade . All Continue Reading

John from Idaho Springs, CO Mountain Living Real Estate October 2, 2020

Jason and Meredith exemplify what real estate agents should be.  We purchased two homes and sold one with them.  The attention to detail was outstanding.  It is rare in today’s world to find such a high level of customer service.   Jason and Meredith handle everything and go way above and beyond what other agents would do.  The online tools, calendar Continue Reading

Wendy from Pine, CO Mountain Living Real Estate September 14, 2020

La Riva del Lago

Thank you for going above and beyond to sell and help me close! You have been a great resource for us. We so appreciate it!

Sheila from KS Mountain Living Real Estate September 10, 2020

Most impressed with timeliness and response – working with us late in the evening. It was a pleasure. Appreciate the opportunity to work with you.

Kevin from Highlands Ranch Mountain Living Real Estate September 4, 2020

You did a wonderful job. You went up to the condo several times. Not only did you take pictures, but you set up the dining table, etc. for better showing. You came in for inspection follow up, etc. All much appreciated!! All the extra special touches and great communication from listing to closing meant a Continue Reading

Pat from Broomfield, CO Mountain Living Real Estate July 11, 2020

You went above and beyond our expectations to check out the Wetterhorn unit! You know what we like and saw the opportunity for us to purchase a unit we will enjoy!

Linda from Texas Mountain Living Real Estate June 30, 2020

Buffalo Ridge Condo

We were most impressed with the willingness to get the job done under difficult situations.

John from Manitou Springs, CO Mountain Living Real Estate April 13, 2020

January Sales get a Thumbs Up

Good communication and quick response. Knowledge of area and market. Pleasant attitude through it all.

Stacey from Texas Mountain Living Real Estate March 1, 2020

Contact Us


Jason and Meredith Adams

Jason & Meredith Adams
Mountain Living Real Estate

101 Main St, #109, PO Box 4115 Frisco, CO 80443

(888) 666-0844
team@mountain-living.com
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