1031 Vocabulary
Related party exchange

An exchange in which the exchanger transfers relinquished property to, or acquires relinquished property from, a related party.

 
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Friday, 03 September 2010
Identification period PDF Print E-mail
The forty-five day period beginning the day following the transfer of relinquished property and ending at midnight on the forty-fifth day.  During the identification period, the exchanger must identify replacement property to successfully complete a section 1031 exchange.
 
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