1031 exchange question

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Have a prop in VA in my name, put for sale and have a contract.
Also have a purchase contract in Tx in my spouse name.  Both investment props.

1) Can a prop in my name can be exchanged to a prop being bought in my spouse name?
2) Any suggestion of good 1031 mediators
3) Have just 3 days between sale and purchase settlement dates as per respective contracts.  Any issues?

FYI - we do file joint.

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anyone?

Don't know, but have you google'd?

1. https://firstexchange.com/SameTaxpayerRuleAddingSpouse 
2. I don't know what you mean by this - why do you need a mediator?
3. https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_1031 "It also states that the property to be exchanged must be identified within 45 days, and received within 180 days."

You don't have to do anything within 3 days of selling the old place. Within 45 days you need to identify candidate properties to invest in, and you need to complete the purchase within 6 months.

cheezedawg said:   You don't have to do anything within 3 days of selling the old place. Within 45 days you need to identify candidate properties to invest in, and you need to complete the purchase within 6 months.
  Cheeze,  you are right we will have 45 days.  But my situation is i already have a purchase contract with settlement date 3 days after sale transaction settlement date.

VAIndigo said:   
cheezedawg said:   You don't have to do anything within 3 days of selling the old place. Within 45 days you need to identify candidate properties to invest in, and you need to complete the purchase within 6 months.
  Cheeze,  you are right we will have 45 days.  But my situation is i already have a purchase contract with settlement date 3 days after sale transaction settlement date.

  3 < 45. What am I missing?

If she's not on the Virginia property, I don't think you'll be allowed to buy it under her.



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