The IRS can extend certain time-sensitive deadlines in connection with a federally declared disaster by issuing a notice, guidance, or IRS News Release (an “IRS Notice”). These IRS Notices often extend 1031 deadlines as set forth in IRS Revenue Procedure 2018-58 (“Rev. Proc.”): irs.gov/pub/irs-drop/rp-18-58.pdf

Recently, the IRS issued Notice LA-2026-01 in connection with severe storms in Louisiana that may extend your 1031 deadlines pursuant to the Rev Proc. The date of this disaster and current disaster areas are set forth in the chart below. The extended deadline date provided by the IRS for this Louisiana disaster is March 31, 2026.

All of the IRS’s disaster notices can be found on the IRS website here: irs.gov/newsroom/tax-relief-in-disaster-situations. Included at the bottom of this email is a chart of recent federally declared disasters for which the IRS has provided 1031 deadline extensions. The IRS periodically updates and revises the IRS Notices, which may include changes to the disaster areas and extended dates. Taxpayers should review the information directly on the IRS website for additional IRS Notices and updates and revisions. 

Taxpayers meeting the definition of “Affected Taxpayer” under an IRS Notice may be eligible for both the Section 6 and Section 17 extensions under the Rev. Proc., regardless of the relinquished property and/or replacement property location and must choose which extension option to proceed under. The definition of “Affected Taxpayer” typically includes individuals who live, and businesses whose principal place of business is located, in the covered disaster area (also described in the IRS Notice). The Section 17 extension may also available to taxpayers who are having difficulty meeting their 1031 deadlines due to the disaster (See Rev. Proc. Section 17.02(b)(ii) for examples of such “difficulty”).

Section 6 of the Rev. Proc. allows certain taxpayers to extend 1031 deadlines to the date specified in the applicable IRS Notice (the “Notice Extended Date”).  

Section 17 allows certain taxpayers to extend 1031 deadlines to the longer of: the Notice Extended Date or 120 days (however, this extension cannot go beyond one year or the due date for the taxpayer’s tax return for the year of the sale, as extended).

Learn more about 1031 disaster extensions here: apiexchange.com/disaster-relief/

Taxpayers should consult their tax advisor to determine their eligibility for an extension and alert their Exchange Counselor as soon as possible of any extended 1031 deadlines.