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Like Kind Exchanges

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2024 Form 8824 - Internal Revenue Service

2024 Form 8824 - Internal Revenue Service

www.irs.gov

more than one group of like-kind properties, or (b) cash or other (not like-kind) property, see Reporting of multi-asset exchanges in the instructions. Note: Complete lines 12 through 14 only if you gave up property that was not like-kind. Otherwise, go to line 15.

Like-Kind Exchanges Under IRC Section 1031 - Internal …

Like-Kind Exchanges Under IRC Section 1031 - Internal …

www.irs.gov

taxpayer exchanges for like-kind property of lesser value. This fact sheet, the 21. st in the Tax Gap series, provides additional guidance to taxpayers regarding the rules and regulations governing deferred like-kind exchanges. Who qualifies for the Section 1031 exchange? Owners of investment and business property may qualify for a Section 1031 ...

23 Internal Revenue Service Department of the Treasury

23 Internal Revenue Service Department of the Treasury

www.irs.gov

like-kind exchange. Use Part III to figure the amount of gain required to be reported on the tax return in the current year if cash or property that isn't of a like kind is involved in the exchange. Also, use Part III to figure the basis of the like-kind property received. Certain members of the executive branch of the federal