H. Related Party Issues
Generally, if the taxpayer is selling the relinquished property to an unrelated party, then the taxpayer may not acquire his or her replacement property from a relative or business in which the taxpayer or relatives own greater than 55%. There are some limited exceptions.

I. New Construction as Replacement Property
Construction must be done prior to the date that the taxpayer acquires title to the replacement property. Construction does not need to be completed before the 485th day; partial construction qualifies as replacement property.

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