Starker exchange

{
  "id": "MLC-T-LAW-004670",
  "term": "Starker exchange",
  "field": "Law",
  "definition": "A type of deferred like-kind exchange under Section 1031 of the U.S. Internal Revenue Code, where the taxpayer sells relinquished property and later acquires replacement property. Unlike a simultaneous exchange, there is a time gap between the sale and purchase. The taxpayer has 45 days to identify replacement property and 180 days to close on it to defer capital gains taxes.",
  "see_also": [
    "1031 exchange"
  ],
  "url": "https://mlchart.com/terminology/law/starker-exchange/"
}