[WSBARP] PRESIDENTIALLY DECLARED DISASTER EXTENSIONS FOR 1031 EXCHNAGES

[Kary Krismer]

It sounds like Rev. Proc. 2005-27 is not self executing, but requires 
the IRS to act and specify what's delayed.

"This revenue procedure does not, by itself, provide any postponements 
under section 7508A. In order for taxpayers to be entitled to a 
postponement of any act listed in this revenue procedure, the IRS 
generally will publish a Notice or issue other guidance (including an 
IRS News Release) providing relief with respect to a Presidentially 
[sic?] declared disaster, or a terroristic [sic?]or military action."

There's more on 1031's specifically mentioned.  FWIW, Washington 
Realtors thinks nothing has been done yet.

https://www.irs.gov/pub/irs-drop/rp-05-27.pdf

Kary L. Krismer
206 723-2148

On 3/28/2020 10:06 AM, Bryce Dille wrote:
> Rev. Procedure 2005-27