What is the need for 1031 starker exchange?
1031 starker exchange is sometimes called as non-simultaneous exchange. 1031 Starker exchange was named for an investor who won case against internal revenue code of U.S. The court held this case against section 1031 non-recognition about the receipt of like-kind property though the taxpayer has already transferred the property to the buyer. After that a rule was imposed at the time limits on the replacement and identification of the property. These days, taxpayers must recognize the property that has been replaced within the 45 days time-period for like-kind property. They should also receive the replacement property within 180 days of transfer.
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