1031 exchange holding period

How long do I have to keep a 1031 in place in order to pay least  taxes? Example- say I am 9 months into the 1031 and I find a property of  equal/greater value that I want to buy, I roll the 1031 into the  replacement property, what impact does that have at tax time?
 Thanks-F

Dear F:  There is no holding period on the replacement property.  If your investment objectives are met by reselling the replacement property and performing another 1031 exchange then all taxes will be deferred again.  There is no limit on how many times you can do a 1031 exchange as long as all properties are held for investment.

Steve Hickox
Attorney / President