Search results
Jun 19, 2024 · Each individual 1031 exchange you undertake within a tax year requires a separate Form 8824 to be accurately recorded. This form provides a detailed account of both the relinquished and acquired properties involved in the transaction.
Jun 4, 2024 · Form 8824 connects the dots between the relinquished property and the replacement property. It also asks some additional, often complicated or confusing, questions. This is something you need to discuss in detail with your CPA, accountant, or tax preparer.
Jun 4, 2024 · Reporting to the IRS: Finally, the investor must report the exchange to the IRS on form 8824 with their tax return for the year in which the exchange occurred. Example: Consider an investor who sells a commercial building on January 1st. They must identify potential replacement properties by February 15th and complete the purchase of the new ...
Jun 18, 2024 · LLC holdings are considered “personal property” and ineligible to be used in a 1031 Exchange. If you own a property with multiple partners, you can sell your share. However, you will be forced to claim the profits generated on your taxes for that year.
Jun 18, 2024 · Zoom Live Video Conference , Details: This course will offer attendees an in-depth discussion of advanced regulations for IRC §1031 Exchange and their applications in real estate transactions.
Jun 14, 2024 · Zillow has 22 photos of this $435,000 4 beds, 3 baths, 2,085 Square Feet single family home located at 8824 Carriage Hills Dr, Shafter, CA 93263 built in 2024.
May 29, 2024 · Quick tip: If you use a 1031 like-kind exchange, you'll need to fill out IRS Form 8824 and attach it to your annual tax return. Key rules of 1031 exchanges. "Like-kind" property. There are...
