1031.Exchange INTELLIGENCE NETWORK
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EXCHANGE MECHANICS

Disqualified person

Also called: disqualified party · agent restriction

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PLAIN-ENGLISH DEFINITION

A person who cannot serve in certain safe-harbor roles because of specified agency or relationship rules.

What it means in practice.

IRS guidance generally treats certain agents of the taxpayer and related persons as disqualified, subject to detailed regulatory definitions and exceptions.

Why it matters.

A familiar advisor is not automatically eligible to act as the QI.

Additional notes.

IRS guidance generally treats certain agents of the taxpayer and related persons as disqualified, subject to detailed regulatory definitions and exceptions.

PRIMARY / REFERENCE SOURCES

Read the source material.

irs.gov ↗irs.gov/instructions/i8824irs.gov ↗irs.gov/publications/p544
CONNECTED LANGUAGE

Related definitions.

Core 1031Qualified intermediaryA commonly used independent facilitator that enters into an exchange agreement and helps structure transfers so the taxpayer does not simply receive the exchange proceeds.Tax & BasisRelated partyA person or entity related to the taxpayer under federal tax rules.
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