---
title: Federally Declared Disaster Extensions for 1031 Exchanges
description: Discover how a federally declared disaster may extend your 1031 exchange deadlines and who qualifies for relief. Act fast to protect your exchange.
---

[Exchanging Thoughts Blog ](https://www.1031corp.com/exchanging-thoughts-blog)

# [Federally Declared Disaster Extensions for 1031 Exchanges](https://www.1031corp.com/exchanging-thoughts-blog/federally-declared-disaster-extensions-for-1031-exchanges)

 Written by [Margo McDonnell, CRE, CES®](https://www.1031corp.com/exchanging-thoughts-blog/author/margo-mcdonnell-cre-ces) | Mon, Oct 28, 2024

If a federally declared disaster impacts your 1031 exchange, you may qualify for an extension on the standard 45-Day Identification and 180-Day Exchange Period deadlines. Postponements are not automatic and apply only when the IRS issues a Notice or News Release listing affected areas. Please check the [IRS website](https://www.irs.gov/newsroom/tax-relief-in-disaster-situations) for updates. Postponements are available for both reverse and delayed exchanges. 

**Who is Eligible for a Postponement?** 

**1. Affected Taxpayer**: Defined under IRS regulations, including those living in or with a business in a disaster area, regardless of the location of the exchange properties. Relief workers assisting in the disaster area may also qualify. 

**2. Other Taxpayers Facing Difficulties**: Even if not directly in the disaster area, you may qualify if:

- The relinquished or replacement property is in a covered disaster area. 
- Any party involved in the exchange (qualified intermediary, settlement attorney, lender, etc.) is located in the covered disaster area. 
- A key party is injured, missing, or killed due to the disaster. 
- Important documents or records are destroyed by the disaster. 
- A lender refuses funding due to disaster-related issues. 
- A title insurance company is unable to provide the necessary policy. 

**Timeline Extensions**

If eligible, under [Revenue Procedure 2018-58](https://www.1031corp.com/hubfs/rp-18-58.pdf), you will receive the **longer of two options**: 

1. A **120-day extension** from the original deadline, or 
2. The deadline date specified in the IRS's General Postponement for the disaster.

Visit [our website](https://www.1031corp.com/federally-declared-disaster-extensions) for a list of the most recent disaster extensions. 

Please contact your [1031 CORP. Exchange Officer](https://www.1031corp.com/contact-us) immediately if you believe your exchange may be affected. Early communication is crucial, especially if the disaster area isn’t where your properties are located. 

[View full post](https://www.1031corp.com/exchanging-thoughts-blog/federally-declared-disaster-extensions-for-1031-exchanges)

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