1031 Exchange Rules - RELATED PARTY EXCHANGES 👪
An exchange with a party or entity related to you is subject to this general rule: A 1031 exchange between related parties will be taxable to both parties if, within two years following the exchange, either party disposes of their replacement property (IRC § 1031(f)). But there ARE exceptions to this rule, so sit down with David Moore of 1031exchange.com in our latest blogcast update as we take a look at them.
Please note that it is commonly considered okay to sell to a Related Party but not okay to buy the replacement property from a Related Party in a 1031 exchange.
1031 exchanges are complex. Using an exchange accommodator like Equity Advantage puts a professional in your corner who knows all the rules. It just takes a phone call to get started, 503-635-1031.
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1031 EXCHANGE FAQ
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Disclaimer: All my opinions are my own. These statements are not meant to be taken as investment advice.
