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Rainmaker
798,760
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Not yet.
Here is an article written TODAY on the subject of when a natural disaster etc can trigger 1031 extensions. IRS has to make it official, though. 

"Under Rev. Proc. 2018-58, the IRS laid out the requirements that would allow participants in a Sect.  1031 exchange to have an extension of these two key deadlines. However, in order for Revenue Procedure 2018-58 to come into effect for a specific disaster, the IRS must issue a notice or other guidance specifically authorizing Rev. Proc 2018-58 to go into effect and identifying those taxpayers eligible for its benefits. 

Unfortunately, despite all the recent legislation that has come out, the IRS has not yet issued such a notice or guidance. As a result, on March 23 of this year, a coalition of trade associations representing the real estate industry and real estate investors, operators, owners and lenders sent a joint letter to Treasury Secretary Steven Mnuchin and other key policy makers, requesting that the IRS quickly issue such guidance."

Apr 07, 2020 08:28 AM
Ambassador
2,975,315
Anna Banana Kruchten Arizona's Top Banana!
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I have not heard it being talked about, yet. Interesting comment from Candice A. Donofrio 

Apr 07, 2020 09:54 AM
Rainer
267,076
Caroline Gerardo
Pinnacle Home Loans - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

That is not in the Cares Act, but then they seem to have forgetten logisitics as well. My assumption is the answer is no. The IRS will be happy to collect the taxes

Apr 07, 2020 08:14 AM
Rainmaker
1,600,648
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

No but @kenneth jones is to go to guy. Or Candice below.

Apr 07, 2020 10:07 AM
Rainmaker
989,464
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Yes, I've heard they were being petitioned in CA. That was an issue that started popping up on my radar about 10 days ago. 

Apr 07, 2020 08:40 AM
Rainmaker
4,815,323
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

Candice A. Donofrio has the answer!  A

Apr 07, 2020 01:26 PM
Rainmaker
2,545,234
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This is one of those subjects where when you need to know about it you will and when it passes so does the knowledge if not repeated...

Apr 07, 2020 09:52 AM
Rainmaker
2,868,614
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I have not. I am with Caroline Gerardo on this. 

 

Apr 07, 2020 09:39 AM
Rainmaker
188,250
Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I have not heard of them being postponed.  I was right in the middle of a 1031 transaction when this all broke out and I was worried about the time lines.  Luckily, we close next week.  The next challenge, finding a renter!

Apr 08, 2020 08:24 AM
Rainmaker
662,867
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I have not. We can still sell homes here so some investors are buying sight unseen as are home buyers.

Apr 08, 2020 04:30 AM
Ambassador
2,314,210
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Not at this time.

Apr 07, 2020 04:19 PM
Rainmaker
578,222
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

No, I get newsletters about them regularly and haven't seen anything about a change yet.

Apr 07, 2020 03:37 PM
Rainmaker
5,765,634
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope. 

Apr 07, 2020 10:30 AM
Rainmaker
377,343
Brenda J. Andrew
ULTIMA REAL ESTATE - Corpus Christi, TX
Professional Realtor in Corpus Christi, TX

Great question, parked and reading.

Apr 07, 2020 10:28 AM