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1. www.irs.gov › instructions › i8824Instructions for Form 8824 (2023) | Internal Revenue Service

   www.irs.gov › instructions › i8824

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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.

2. www.ftb.ca.gov › file › personalReporting like-kind exchanges | FTB.ca.gov - Franchise Tax Board

   www.ftb.ca.gov › file › personal

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   Overview. A like-kind exchange happens when you exchange property for other property that is of like-kind and defer gain or loss. You must report the like-kind exchange on California Like-Kind Exchanges (FTB 3840) if both of the following occur: An exchange of one or more California real properties for one or more real properties located ...

3. www.roberthalltaxes.com › blog › newsMastering Form 8824: The Complete Guide to Like-Kind ...

   www.roberthalltaxes.com › blog › news

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   Jun 13, 2023 · Form 8824, used for reporting Like-Kind Exchanges under Section 1031 of the Internal Revenue Code, can be a powerful tool for deferring capital gains taxes. Let’s dive in. Understanding the Basics of Form 8824. Form 8824 primarily deals with the concept of Like-Kind Exchanges.

4. ttlc.intuit.com › 8824-filing › 00Solved: 8824 filing

   ttlc.intuit.com › 8824-filing › 00

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   Feb 17, 2024 · 1 Best answer. DianeW777. Expert Alumni. No, you just need to retain all of your data and tax returns for the first property forward until you no longer have a property that relates to a previously owned property that is part of a like kind exchange (Section 1031 exchange).

5. www.stevesimsea.com › news › 2018/10/3“Like it or not”...California like kind exchange reporting ...

   www.stevesimsea.com › news › 2018/10/3

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   Oct 3, 2018 · The instructions for FTB 3840 require that the federal amounts reported on Part III, line 12 through line 25 of federal Form 8824 be entered on FTB 3840, Part II, line 7 through 20, respectively. In addition, Schedule A, Parts I, II, and III require California-specific information.

6. www.hrblock.com › tax-center › irsLike-Kind Exchanges Form 8824 | H&R Block

   www.hrblock.com › tax-center › irs

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   You don’t have to receive property on the day you give up your property for it to be a like-kind exchange. However, strict rules apply to tax-deferred exchanges. You might want a deferred exchange to qualify as a like-kind exchange. If so, you must comply with the 45-day written notice.

7. People also ask

   What is form 8824?

   • Information about Form 8824, Like-Kind Exchanges, including recent updates, related forms, and instructions on how to file. Use Parts I, II, and III of Form 8824 to report each exchange of business or investment property for property of a like kind.

   About Form 8824, Like-Kind Exchanges | Internal Revenue Service

   www.irs.gov/forms-pubs/about-form-8824

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   Do I need to prepare IRS form 8824?

   • You should prepare IRS Form 8824: Like-Kind Exchanges for all like-kind exchanges. Special rules apply for: Property you received that will become your personal residence—Like-kind exchanges must be for business and investment real property. I could find nothing in the instructions related to property received that will be treated as a home.

   Like-Kind Exchanges Form 8824 | H&R Block

   www.hrblock.com/tax-center/irs/forms/like-kind-exchanges/

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   Do I need to file form 8824 If I transfer property?

   • 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. Section 1031 regulations.

   Instructions for Form 8824 (2023) | Internal Revenue Service

   www.irs.gov/instructions/i8824

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   Do I need a tax form 8824 for a like-kind exchange?

   • This includes any extensions. You should prepare IRS Form 8824: Like-Kind Exchanges for all like-kind exchanges. Special rules apply for: Property you received that will become your personal residence—Like-kind exchanges must be for business and investment real property.

   Like-Kind Exchanges Form 8824 | H&R Block

   www.hrblock.com/tax-center/irs/forms/like-kind-exchanges/

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