I am doing a 1031 Exch Rec1031 Exch
My accountant says the I do not have to buy ( replacement property) any of the 3 properties identified in the 45 day period.
He says as long as I buy any property within the 180 days after the sale of my property (relinquished property) I should be fine as long as the purchase price of the replacement property is equal or greater than the price of the relinquished property?
Is this correct?
I always understood that the replacement property has to be one of the 3 properties identified within the 45 days.
Thanks in advance for your input