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Use Parts I, II, and III of Form 8824 to report each exchange of business or investment real property for real property of a like kind. Form 8824 figures the amount of gain deferred as a result of a like-kind exchange.
- 2023 Form 8824
Form 8824. Department of the Treasury Internal Revenue...
- About Form 8824, Like-Kind Exchanges
Information about Form 8824, Like-Kind Exchanges, including...
- 2023 Form 8824
Jun 13, 2023 · Learn how to report like-kind exchanges under Section 1031 of the Internal Revenue Code using Form 8824. This guide covers the basics, the step-by-step process, and the annual revisiting of the form.
This document offers comprehensive guidance on completing Form 8824 for the year 2023, covering its purpose, filing deadlines, and a step-by-step walkthrough for each section. Form 8824 is utilized for reporting like-kind exchanges of business or investment real property.
2 min read. Share: In a like-kind exchange, you might exchange real property for similar property used solely for business or investment. If so, you might completely or partially defer gain on the exchange. If your gain is tax-deferred, you won’t recognize gain and pay tax until you dispose of the new property.
Purpose of Form. Use this form if you elect to report your child’s income on your return. If you do, your child will not have to file a return. You can make this election if your child meets all of the following conditions. The child was under age 19 (or under age 24 if a full-time student) at the end of 2023.
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