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Jan 31, 2024 · Learn how to report each exchange of business or investment property for property of a like kind using Form 8824. Find the current revision, instructions, and other useful information on the IRS website.
- Instructions for Form 8824
Form 8824 figures the amount of gain deferred as a result of...
- 2023 Form 8824
Form 8824. Department of the Treasury Internal Revenue...
- Instructions for Form 8824
Oct 19, 2023 · Both individuals and businesses—corporations, partnerships and sole proprietorships—can carry out like-kind exchanges. However, the property involved must be used for business or investment. Beginning in 2018, like-kind exchanges can only be done with real property such as a rental home.
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Jun 13, 2023 · Learn how to fill out Form 8824, which is used for reporting Like-Kind Exchanges under Section 1031 of the Internal Revenue Code. This guide covers the basics, the steps, and the benefits of this tax form.
Nov 29, 2023 · Learn what a like-kind exchange is, who can use it, and how to file IRS Form 8824 to report it. This guide covers the eligibility criteria, the exchange details, the basis calculation, and the common mistakes to avoid.
Form 8824 - Like-Kind Exchange. 1. Tax Reform Update: Generally, only real property now qualifies under the like-kind exchange rules. See the instructions for exceptions. Certain exchanges of property are not taxable. This means any gain from the exchange is not recognized, and any loss cannot be deducted.
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