- 1031 Exchanges
- Tenants-In-Common
- Exchange Details & Requirements
- Real Estate Professional
Dual Registration Program - Tax Professionals, Legal Advisors & Northland Securities1031
- About Us
- The Tax Deferred Exchange
- How to Initiate an Exchange
- 1031 Exchange Requirements
- Do's & Don'ts of 1031 Exchange Planning
- Can Your Tax Professional or Legal Advisor Be Your Qualified Intermediary?
- Exchange Terminology
- Like-Kind Property
- 1031 Qualified Property
- Delayed Exchange Deadlines
- Tenant-In-Common Interests
- Master Lease-Tenants-In-Common
- Non-Tax Reasons to Exchange
- Role & Selection of a Qualified Intermediary
- Role of a Tax Professional or
Legal Advisors - Disqualified Parties
- Tenants-in-Common Research &
Due Diligence Reports - Exchange Language
Exchange Details & Requirements
Disqualified Parties
A successful 1031 Exchange must satisfy “Safe Harbor” requirements and prevent “actual or constructive receipt” of exchange proceeds or other property. A Qualified Intermediary (QI) is essential to satisfy “Safe Harbor” requirements. A QI may not be a disqualified person who is the agent of the Exchanger within the two-year period preceding the exchange. Disqualified persons include anyone who has acted as the Exchanger’s accountant, attorney, employee, real estate agent, investment banker or broker.
For a more complete description of disqualified parties, contact Northland Securities and consult your legal advisor and qualified intermediary.