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What is the difference between “disqualified” and “inactivated”?

April 26, 2017difference disqualified inactivated

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What is the difference between “disqualified” and “inactivated”?

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Disqualified means that the property either sold or the participant died. In either case, the deferred taxes must be paid by August 15 of the year after either event. Inactivated means we won’t pay any more taxes on the participant’s behalf, but the taxes we have paid won’t be due until August 15 of the year after the property is sold or the participant dies.