Using a 1031 exchange to fund a buyout

[Peter Massaad]

I am day 7 into a 1031 exchange deadline. I own a different property (unimproved land unrelated to the exchange) with my father (50% ownership). Can I parlay my QI funds into an investment property I already own 50% of and "buyout" my father's 50% without complications? Title is in both of our names.

[Bill B.]

@Dave Foster will probably clarify but I bet you run in to problems with your father. Even if you could buy out a stranger I believe 1031 rules closely follow IRA rules regarding disqualified people.

I don’t believe you can buy from parents, kids, siblings and probably a few other relatives. Though strangely I also believe you can sell to them.