Nareit Joins with Other Groups Asking the Treasury Department for Temporary Like Kind Exchange Relief

The like kind exchange provisions under Code section 1031 require taxpayers to take certain actions within 45 and 180 days after the taxpayer’s property has been exchanged in order for the gains to be deferred. In past disasters, the Treasury Department has deferred the completion of these actions for 120 days to allow taxpayers to first react to the disaster at hand.

In a letter submitted on March 23, 2020, Nareit joined other real estate trade associations in asking the Treasury Department to issue similar guidance in response to the COVID-19 emergency.

(Contact: Dara Bernstein at

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