Video: Related Party Rules for a 1031 Exchange

There are specific rules and regulations for a Internal Revenue Code Section 1031 states that "no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange that involves a Related Party. Watch this video to learn more about who is a related party and what those specific rules are for a valid 1031 exchange involving related parties.