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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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?
Copyright © 2003-2025 Farlex, Inc
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.