In the context of a 1031 exchange, a related person refers to an individual or entity that has a relationship with the taxpayer, such as a family member, business partner, or a company that is affiliated with the taxpayer.
« Back to Glossary IndexIn the context of a 1031 exchange, a related person refers to an individual or entity that has a relationship with the taxpayer, such as a family member, business partner, or a company that is affiliated with the taxpayer.