RE: 1031
You have 45 days to indentify up to 2 properties that you are interested in. Total of the 2 properties has to be more than the gross proceed of your sale. Some states impose a further restriction that the the total cost of the 2 identified properties can be no more than 2x the gross proceed of the sale.
After you ID the properties, you then have 145 days to close for a total of 180 days.
HOWEVER, you have to have an ID document dated within 45 days of the sale. The ID document has to be aknowledged by the attorney or arms length escrow agent for the 1031.
Yes you can back date the document. But make sure your paper trail dates line up correctly in the event of an audit.
And yes I have negotiated a large 1031 transaction...
Good Luck !
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