CCH Federal Taxation Basic Principles
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Like-Kind Exchanges—Time Limitations
Two time limitations govern like-kind exchanges under the Starker rule (named after a landmark court case):
1. Identification requirement. Like-kind property to be received must be identified within 45 days of the date that the like-kind property is given.
2. Receipt requirement. Like-kind property must be received within 180 days of the date that the like-kind property is given.
Chapter 11, Exhibit 13a