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

    Learn how to report like-kind exchanges of real property and conflict-of-interest sales on Form 8824. Find out the new lines, rules, and exceptions for 2023.

  2. www.irs.gov › forms-pubs › about-form-8824About Form 8824, Like-Kind Exchanges - Internal Revenue Service

    Learn how to report each exchange of business or investment property for property of a like kind using Form 8824. Find the current revision, PDF instructions, and other useful information on the IRS website.

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

    • Part I: Information About The Like-Kind Exchange
    • Part II: Information Regarding The Given Up and Received Properties
    • Part IV: Related Party Information
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    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 their name, relationship, and address.

    See full list on roberthalltaxes.com

    Line 4-8: Detail the Fair Market Value (FMV), adjusted basis, and realized gain or loss of the property you gave up.
    Line 9-14: Enter the same details for the replacement property received. Also include any cash or debt reduction, if applicable.

    See full list on roberthalltaxes.com

    Line 22-24: If the exchange involves a related party, provide information about whether the related property was disposed of or the related party got rid of the property received in the exchange wi...

    See full list on roberthalltaxes.com

    Learn how to report Like-Kind Exchanges under Section 1031 of the Internal Revenue Code using Form 8824. Follow the step-by-step process to fill out the form and defer capital gains taxes.

    See full list on roberthalltaxes.com

  5. fitsmallbusiness.com › how-to-fill-out-form-8824How to Fill Out Form 8824 for a Like-Kind Exchange

    Jul 5, 2024 · Learn how to complete Form 8824, which reports the exchange of like-kind business or investment property. See a sample scenario, line-by-line instructions, and a completed form with gain calculation.

  6. turbotax.intuit.com › tax-tips › investments-andWhat is IRS Form 8824: Like-Kind Exchange - TurboTax

    Aug 4, 2024 · Learn what a like-kind exchange is, how it affects your taxes, and how to fill out IRS Form 8824. Find out the rules, deadlines, and exclusions for this tax strategy.

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  7. accountants.intuit.com › support › en-usCompleting a like-kind exchange in the 1040 return

    Learn how to complete a like-kind exchange, or 1031 exchange, for real property in the 1040 return using ProSeries software. Follow the three steps: disposing of the original asset, completing the 8824 form, and entering the new asset entry worksheet(s).

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  9. www.taxfyle.com › blog › irs-form-8824-reportingIRS Form 8824: Reporting Like-Kind Exchange for 1031 Tax ...

    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.

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