Related Parties

A related party exchange is a 1031 exchange where either the buyer of the relinquished property or the seller of the replacement property (or both) is considered “related” to the investor doing the exchange. There are special rules and restrictions on the ability to defer tax in a 1031 exchange that involves related parties.

See article below for more informaton on related party exchanges

An Overview of Related Party Exchanges

Receipt of Non-Like-Kind Property is Not Fatal to a Related Party Exchange

First American Exchange Company, LLC a Qualified Intermediary, is not a financial or real estate broker, agent or salesperson, and is precluded from giving financial, real estate, tax or legal advice. Consult with your financial, real estate, tax or legal advisor about your specific circumstances. First American Exchange Company, LLC makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, and First American Exchange Company are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.