Starker transaction

Starker transaction

Named for T. J. Starker, who successfully claimed the benefit of IRS like-kind exchange and tax-deferral rules even though there was a significant time lapse between selling one property and buying the replacement property. Section 1031 of the Internal Revenue Code establishes a safe harbor for similar transactions,guaranteeing the IRS will not contest a delayed exchange if all parties follow the rules exactly. See 1031 exchange.

References in periodicals archive ?
In the Tax Reform Act of 1984, Section 1031 was amended in an effort to severely curtail Starker transactions.
If reverse exchanges are simultaneous, why are Starker transactions not also simultaneous?