1031 Exchange With Relative

[Raymond Lawton]

I am currently in a situation where I am trying to help a seller who accepted my offer with a 1031 Exchange. Unfortunately he was informed that because the property he wants to exchange is owned by his in-laws he will be unable to execute the 1031 exchange. From what I have read there seems there might be some ways around this such as maybe changing the percentage of ownership in the property so they aren’t considered a relative. Any advice is greatly appreciated!