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To help, we have published annually since 1991 a workbook and 8824 worksheet to help exchangers complete the required Form 8824. Clear guidance is given for each line on the form. The workbook also contains a chart which shows the Exchange Expense allocation of each settlement costs and the IRS 8824 form.
WorkSheets 7 & 8 - Calculation of Form 8824, Line 15 - Calculation of Basis of New Property for Form 8824, Line 18 WorkSheets 9 & 10 - Completing Form 8824 - Calculation of Recapture for Form 8824, Line 21 You can either keep or shred completed WorkSheets. Do not send these WorkSheets with your tax return. SEND: IRS Form 8824 - Page 1 IRS Form ...
Form 8824 and completing line 12, 15, or 25, see the instructions for important information regarding a separate statement you must attach. If you transferred. and. received (. a. )more than one group of like-kind properties, or (. b. cash or other (not like-kind) property, see. Reporting of multi-asset exchanges.
one summary Form 8824 and attach your own statement showing all the information requested on Form 8824 for each exchange. Include your name and tax ID number at the top of each page of the statement. On the summary IRS Form 8824, enter only your name and tax ID number, the word “Summary” on Line 1, the total recognized gain
and attach your own statement showing all the information requested on Form 8824 for each exchange. Include your name and tax ID number at the top of each page of the statement. On the summary IRS Form 8824, enter only your name and tax ID number, the word “Summary” on Line 1, the total recognized gain from
WorkSheet #s 7 & 8 - Calculation of Form 8824, Line 15 - Calculation of Basis of New Property for Form 8824, Line 18 WorkSheet #s 9 & 10 - Completing Form 8824 - Calculation of Recapture for Form 8824, Line 21 You can either keep or shred your completed WorkSheets. Do not send them with your tax return. SEND: IRS Form 8824 - Page 1 IRS Form ...
Include your name and tax ID number at the top of each page of the statement. On the summary IRS Form 8824, enter only your name and tax ID number, the word Summary on Line 1, the total recognized gain from all exchanges on Line 23, and the total basis of all like-kind property received on Line 25. 3.
