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If a person has already signed a contract to sell the relinquished property, is it too late to start a tax-deferred exchange?

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If a person has already signed a contract to sell the relinquished property, is it too late to start a tax-deferred exchange?

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No, as long as the relinquished properties benefits and burdens, or title, has not been transferred a tax-deferred exchange can still be done.

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