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1031 Exchange
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Enter New Glossary Term:
Starker Exchange
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| Enter Glossary Term Description:
Starker vs. U.S., 602 F2d 1341 (CA9 1979): Original case where Starker, as Taxpayer, structured a non-simultaneous, delayed exchange where the Buyer of the Relinquished Property acted as the Accommodator. Starker acquired 12 replacement properties over a two year period, and the Court upheld Starker’s deferred exchange and determined that he completed his exchange within a reasonable period of time. After Starker, in 1984 Congress amended IRC Section 1031 by adding vague rules for delayed exchanges including the 45-day and 180-day rules. Starker is the grandfather of delayed Exchanges which are sometimes called “Starker Exchanges.” |
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