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What is form 8824?
Does IRS use form 8824 for like-kind exchanges?
What is the difference between form 8824 and Part 3?
What is form 8997 & 8824?
Purpose of Form. Use Parts I, II, and III of Form 8824 to report each exchange of business or investment real property for real property of a like kind. Form 8824 figures the amount of gain deferred as a result of a like-kind exchange.
- 2019 Form 8824
2019 Form 8824. Form. 8824. Department of the Treasury...
- Instructions for Form 8824
New lines 25a through 25c on 2023 Form 8824 require you to...
- About Form 8824, Like-Kind Exchanges
Information about Form 8824, Like-Kind Exchanges, including...
- 2019 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.
Oct 19, 2023 · Say you paid $20,000 for a piece of business or investment real estate and sold it for $30,000 ($30,000 - $20,000 = $10,000 capital gain). Rather than have the $10,000 profit taxed as a capital gain, the like-kind exchange allows the gain to be "passed on" to the new property used for business.
2019 IRS Form 8824 “Like-Kind. Reporting Interest on Exchange Proceeds. If your exchange proceeds were placed into an interest-bearing exchange account with one of the several financial institutions utilized by 1031 CORP., you should receive a Form 1099-INT directly from the financial institution.
