Please note that our Acton branch will be closed on Friday, May 15 due to construction, and our Westford branch will be closed on Saturday, May 16, for the Westford Apple Blossom Parade. As always, you can access your account 24/7 with mobile, online banking & our ATM network.

Due to construction, the drive-up window and drive-up ATM will not be available at our Billerica branch. The branch will remain open during regular business hours, but the drive-up lanes will remain closed during construction.

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Northern 1031 Exchange: Short-Term Rental Exchanges and Your Safe Harbor Roadmap

Vacation homes and short-term rental properties often fall into a gray area when it comes to 1031 exchange eligibility, and the rules are not always intuitive. This recorded webinar takes a clear, practical look at how the IRS evaluates these property types and what factors determine whether they may qualify for tax-deferred exchange treatment.

In this session, Northern 1031 Exchange reviews the IRS safe harbor guidelines for short-term rental properties and explains how they apply in real-world scenarios. The discussion addresses common questions around seasonal rentals, personal use limitations, and whether second homes can be eligible for a 1031 exchange. Technical requirements are translated into straightforward guidance to help viewers better understand how the rules are applied in practice.

This webinar is especially relevant for real estate investors, advisors, and professionals who work with vacation or short-term rental properties and want clarity on 1031 eligibility considerations. It helps separate common assumptions from IRS guidance and supports more informed decision-making.

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Be Aware of Tax Scams

As tax season approaches, it’s an important time to get your finances in order—but it’s also a peak period for cybercriminal activity. Scammers frequently exploit this time of year by sending fraudulent emails or making phone calls that appear to come from legitimate tax-related organizations.

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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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