1031 Qualified Intermediary Release of Unused Cash Following 180-Day Exchange Period Would Seem Eligible for Commencement of 180-Day Period to Invest in Qualified Opportunity Fund

Date: January 23, 2019

Taxpayers who receive 1031 Exchange proceeds from a Qualified Intermediary (QI) should be able to use all or a portion of such remaining cash after the end of the 180-Day Exchange Period to Invest in a Qualified Opportunity Fund (“QOF”).  Note, however, that there are series of related points that need to be considered to understand the cash eligible for a QOF investment. Read more.

For more information, please contact:

Francesco A. Ferrante
Thompson Hine LLP
Phone: 937.443.6740
Mobile: 937.470.0598
Francesco.Ferrante@ThompsonHine.com