When there is a Federally Declared Disaster, 1031 exchanges potentially qualify for to extend the 45-day ID and 180 day exchange periods. The Virginia earthquake has recently been added as a federal disaster, covering Louisa County VA. The IRS posts notices of Tax Relief in Disaster Situations here:http://www.irs.gov/newsroom/article/0,,id=108362,00.html.
Special rules are provided for 1031 exchanges when there is a Federal Declared Disaster. Go to Section 17 of “Revenue Procedure 2007-34” (http://www.irs.gov/irb/2007-34_IRB/ar13.html#d0e2854) to learn the qualifications and rules for a 1031 exchanger to extend his 45 Day ID and 180 day exchange period dates.