We have received calls from members about timing related to 1031 like-kind exchange deadlines. With some unable to complete transactions because of delays in settlements due to COVID-19, the REALTORS sent a letter (link is external) to the Treasury Department on March 17 to provide relief for 1031 like-kind exchanges to 180-day completion deadlines. The letter also advocates for an extension of the 45-day period for identifying possible properties as exchange candidates. Relief for this program has been provided in the past during other presidentially declared disasters. On March 23 NAR also joined a coalition letter (link is external) to the Treasury Department on advocating for delay of 1031 like-kind exchange deadlines to ensure liquidity in the real estate markets. We have been told that changes are being discussed right now and will be addressed. Timing has not bee specific but we are told it will be this month.