Definitions for "Direct deeding"
The transfer of property from the taxpayer directly to the purchaser of relinquished property and to the taxpayer from the seller of replacement property without requiring the Qualified Intermediary to take title by deed.
A practice authorized by Treasury Revenue Ruling 90-34 whereby either the relinquished property or the replacement property can be deeded directly from seller to buyer without deeding the property to the Qualified Intermediary. (See Sequential Deeding for industry practices prior to Treasury Revenue Ruling 90-34.) Disposition: The sale or other disposal of property that causes a gain or a loss including like-kind exchanges and involuntary conversions. [Back to Top of 1031 Exchange Glossary
The deeding of property from the exchangor directly to the buyer (or vice versa), rather than indirectly through the accommodator