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Louis A. Tucci Managing Director L. Tucci Financial LLC CRE investors using a 1031 exchange to sell a property and defer capital gains tax as well as depreciation recapture tax are well aware of the 180-day timeline to close on a replacement property. Assuming our investor has properly identified a replacement property within the time allotted 45 days. Following the closing of the sale of their relinquished property they are now are faced with challenges that could result in the failure to close on that replacement property within the 180-day timeline. This could be for various reasons not limited to the inability to secure financing or issues related to the property inspection. READ MORE CIANJ member, Louis Tucci, currently serves as the Managing Director at L. Tucci Financial LLC. Using his business experience, Louis endeavors to help others achieve their financial independence. He can be reached at 201-291-2672 or [email protected] Disclosure: Louis A. Tucci is a Registered Representative of Coastal Equities, Inc. and an Investment Advisory Representative of Coastal Investment Advisors, Inc. Neither Coastal Equities, Inc. nor Coastal Investment Advisors, Inc. is affiliated with L. Tucci Financial, LLC. Investment Advisory Services are offered through Coastal Investment Advisors, Inc., and securities are offered through Coastal Equities, Inc., Member FINRA/SIPC, co-located at 1201 N. Orange St., Suite 729, Wilmington, DE 19801. Coastal and CoastalOne are trade names for the Coastal Companies. The Coastal Companies are Coastal Equities, Inc. Coastal Investment Advisors, Inc. a US SEC Registered Investment Adviser and Coastal Insurance Services, which consist of several affiliated insurance agencies, co-located at 1201 N Orange St., Suite 729 Wilmington DE 19801
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