Winter Storm Blair - Causing Havoc throughout the U.S. and with 1031 Exchanges
Calls have started to trickle into our office from our 1031 Exchange clients stating, due to the Winter Storm Blair, they were unable to look for replacement properties this weekend. If the government deems the storm to be a Federally Declared Disaster Area, there may be relief for 1031 Exchangors.
As of the release of this newsletter, the storm has NOT been deemed a disaster area, but that could change at any time. Please follow the link below to an article on the Security 1st Exchange website that describes the process and includes a link to the IRS Website for review if you are in a disaster area from the storm.
https://www.security1stexchange.com/resources/disaster-extensions-for-1031-exchanges