March 19, 2008
What Is A 1031 Starker Exchange?
A 1031 Starker Exchange is an exchange of one property for a like kind property of equal or greater value that the original property kind. This means that livestock for livestock, real estate can be exchanged for real estate, and manufacturing property for manufacturing, and so on and so forth. The only we thing that we have to remember with the 1031 Starker exchange is that the replacement property must be of equal or greater value that the original property. Also, with the use of this kind of exchange, we must stick to the very important rule of exchanging like-kinds only, meaning real estate for real estate, and manufacturing property for manufacturing, and so on and so forth.