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When To File. If during the current tax year you transferred property to another party in a like-kind exchange, you must file Form 8824 with your tax return for that year. Also file Form 8824 for the 2 years following the year of a related party exchange. See Line 7, later, for details.
- IRS.gov Form8824
Information about Form 8824, Like-Kind Exchanges, including...
- IRS.gov IRB 2004-33_Irb Ar13
Example (5).The same facts as Example 1, except that, in...
- IRS.gov Form8824
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Completing Form 8824 WHEN TO FILE This form must be included with your tax return for the tax year in which a relinquished property was trans-ferred (given up). Generally, the IRS prefers the use of only one 8824 form and the attachment of a statement indicating how you determined the gain if more than one exchange is entered into during one ...
13 cze 2023 · Filling Out Form 8824: A Step-by-Step Process. Part I: Information About the Like-Kind Exchange. Line 1: Describe the property you gave up and the like-kind property you received. Line 2: Enter the date the property was transferred and the date you acquired the replacement property.
5 lip 2024 · Our guide will walk you through how to fill out Form 8824. These instructions detail the supporting documents needed to prepare the form and list line-by-line instructions. A completed form is also provided for further clarity on Form 8824 instructions.
31 lip 2023 · Filling Out Form 8824. Find IRS Form 8824 on the IRS website (http://www.irs.gov). Make sure you use the current tax year's form. Understand you need to fill out one Form 8824 for each exchange you make. Begin to fill out the form while you're still on the IRS website.
IRS Form 8824, the 1031 Exchange form, is where you report your Section 1031 Exchange – Delayed, Reverse, or Construction. The Form 8824 is due at the end of the tax year in which you began the transaction, as per the Form 8824 Instructions.
