Which of the following is not a requirement for the deferral of gain in a nonsimultaneous exchange under Section 1031?

		The replacement property must be like-kind property with respect to the original property.
		The proceeds from the sale of the original property must be held by an escrow agent.
		A replacement property must be identified within 90 days of the sale of the originalproperty.
		The closing on the replacement property must take place by the earlier of 180 days from the sale of the original property or the due date (including extensions) of the tax return for the year the original property was sold. Income Tax