Yahoo Web Search

Search results

  1. Steps to File a Tax Return

    • 1. Gather your paperwork such as W-2 from all your employers.
    • 2. Choose your filing status.
    • 3. Decide how you want to file your (Click on any of the software options below).
    • 4. Determine if you are taking the standard deduction or itemized deductions.
    • 5. Hope you don’t owe money but if you do, learn how to make a tax payment.

    File your income taxes - free state and federal filing

    This is a sponsored link
  2. 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.

    • 2023 Form 8824

      Form 8824. Department of the Treasury Internal Revenue...

  3. 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.

    • (137.1K)
    • Intuit Turbotax
  4. Jun 13, 2023 · Learn how to fill out and use Form 8824, the IRS form for reporting Like-Kind Exchanges under Section 1031 of the Internal Revenue Code. Form 8824 can help you defer capital gains taxes by reporting the details of the property you gave up, the replacement property, and the realized and recognized gains or losses.

  5. 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 tax implications, and the common mistakes to avoid.

  6. Learn how to report a like-kind exchange on IRS Form 8824, which is required for tax-deferred exchanges of real property. Find out the rules, examples and benefits of this tax strategy for business and investment property.

  7. People also ask

  1. People also search for