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Page 1 of 4 12:21 - 15-Dec-2020 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. 2020 Instructions for Form 8824 Like-Kind Exchanges (and section 1043 conflict-of-interest sales) Department of the Treasury Internal Revenue Service Section references are to the Internal ...
- Instructions for Form 8824
Use Parts I, II, and III of Form 8824 to report each...
- 2020 Form 8824
You can establish to the satisfaction of the IRS that...
- About Form 8824, Like-Kind Exchanges
About Form 8824, Like-Kind Exchanges. Use Parts I, II, and...
- Instructions for Form 8824
Jun 13, 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. Line 3: If this exchange involved a related party, provide ...
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Oct 19, 2023 · Ordinarily, when you sell something for more than what you paid to get it, you have a capital gain; when you sell it for less than what you paid, you have a capital loss. Both can affect your taxes. But if you immediately buy a similar property to replace the one you sold, the tax code calls that a "like-kind exchange," and it lets you delay some or all of the tax effects. The Internal Revenue ...
To learn more about reporting the exchange, see Form 8824 instructions at www.irs.gov. To get hands-on guidance with filling out Form 8824, get the help of tax pros at H&R Block. Whether you make an appointment with one of our knowledgeable tax pros or choose one of our online tax filing products, you can count on H&R Block to help you out.
