IRS Expands 1031 Exchange Relief to North Carolina & South Carolina

At Peak 1031 Exchange, we are committed to providing the most up-to-date information to help you and your family benefit from new 1031 exchange deadline extensions announced by the IRS for eligible taxpayers affected by Hurricane Ian. In addition to recently announced relief for the state of Florida, the IRS has expanded 1031 exchange deadline extensions to include residents of the states of North Carolina and South Carolina. Read the official notices on the IRS website by visiting the links below:

IRS announces tax relief for victims of Hurricane Ian in Florida

IRS announces tax relief for victims of Hurricane Ian in North Carolina

IRS announces tax relief for victims of Hurricane Ian in South Carolina

As each situation is unique, if an exchanger believes they qualify for a disaster extension, they should seek the guidance of their tax advisor or attorney in order to make this determination.

If you or someone you know has questions about the 1031 exchange process, we at Peak 1031 Exchange are your California-based experts who are here to help. Contact us today at team@peakexchange.com or by calling us at 877-357-1031 to discuss your unique situation and deferral of capital gains taxes with a 1031 exchange.