Due to construction, the drive-up lane 1 will be closed at our Woburn Main branch from Tuesday, October 20 until Monday, October 26. The branch will remain open during regular business hours.

Our Woburn Main branch will be temporarily closed from Monday, October 26 through Friday, October 30 while we repave the parking lot. View more details.

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Northern 1031 Exchange: Related Party Exchanges

 
This informative webinar will answer key questions about how to successfully execute a 1031 Exchange with a related party.

In this session, we will cover:
  • Discover the truth about related party exchanges - Learn why these transactions are actually permitted under tax code, despite common misconceptions.
  • Navigate the critical two-year holding period rule - Understand when this requirement applies and the costly consequences of early disposition.
  • Master the "related party" definition beyond family - Explore how business entities, fiduciary relationships, and affiliated businesses impact your exchange strategy.
  • Unlock different scenarios, different opportunities - Learn why selling to versus buying from related parties follows entirely different compliance paths.
  • Avoid the basis-shifting traps - Understand the real-world examples of what can disqualify your exchange and trigger immediate taxation.
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About Northern Bank

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.17 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.

 

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Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.