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Jan 31, 2024 · Learn how to use Form 8824 to report each exchange of business or investment property for property of a like kind. Find the current revision, instructions, and other useful information on the IRS website.
- Instructions for Form 8824
Use Parts I, II, and III of Form 8824 to report each...
- 2023 Form 8824
Form 8824 and completing line 12, 15, or 25, see the...
- Instructions for Form 8824
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.
Oct 19, 2023 · When completing the form, it’s important to keep the following in mind: • Part I of Form 8824 is where you provide details about the old property and the new property. • Part II of the form comes into play only when a like-kind exchange involves "related parties"—members of a family or entities that you have a controlling interest in ...
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- Intuit Turbotax
Learn what a like-kind exchange is, how to fill out IRS Form 8824, and what rules apply to tax-deferred exchanges. Find out the benefits and drawbacks of deferring gain on a like-kind exchange and how to report it on your tax return.
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Nov 29, 2023 · IRS Form 8824 is the primary document for reporting a 1031 exchange to the IRS. Learn how to fill out and file this form correctly, who is eligible for a 1031 exchange, and what are the tax benefits of this tax strategy. Find out the common mistakes to avoid and the steps to follow for a successful 1031 like-kind exchange.
