'Like Monopoly, but with real money' Sep 1, 2006
The term "Starker Exchange" originated because a family named Starker fought the IRS in court for their right to do a delayed exchange and defer taxes ... Many exchanges end up following the delayed exchange format, and thus do require an intermediary, said Doreen Lynn-Falk, exchange administration manager for TransUnion Exchange Corp. of La Jolla, Calif ... But the sessions also provide a shopping mall for those seeking to complete the second leg of a delayed exchange that already has started. (Herald-Tribune)
How to invest ailing dad's money Oct 17, 2004
Thanks to a Starker delayed exchange, such a transaction has become routine. Most tax advisers suggest renting the acquired house six to 12 months to show rental intent at the time of the transaction. (SFGate.com -- Real Estate & Dev. Breaking News)
To become an appraiser, hit the books Dec 13, 2003
A: An Internal Revenue Code 1031(a)(3) tax-deferred exchange is the only tax avoidance method for a sale of vacant land. Since you've held the land for 20 years, it appears to have been a long-term investment that can qualify for an IRC 1031(a)(3) Starker delayed exchange (Richmond Times Dispatch, VA)
Timing is critical in a tax-free exchange Dec 1, 2003
Dear Steve: We just completed a "1031 Starker Exchange," selling our single-family home rental property and using the proceeds to acquire a duplex in another part of the country, which we will now put onto the rental market. I am getting conflicting information about how long the replacement property in a Starker Exchange must be used as an investment before it can be used as a principal residence (Bankrate.com)
