Get the free 2012 Instructions for Form 8824. Instructions for Form 8824, Like-Kind Exchanges (an...

Caution: DRIFTNET FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information as a courtesy. Do not file draft forms.

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What is instructions for form 8824?

Form 8824 is used by taxpayers to report like-kind exchanges under section 1031 of the Internal Revenue Code.

Who is required to file instructions for form 8824?

Taxpayers who have engaged in like-kind exchanges of property during the tax year are required to file instructions for form 8824.

How to fill out instructions for form 8824?

Instructions for form 8824 should be filled out by providing detailed information about the like-kind exchange, including the properties exchanged, their values, and any cash received.

What is the purpose of instructions for form 8824?

The purpose of instructions for form 8824 is to report like-kind exchanges to the Internal Revenue Service (IRS) and calculate any gain or loss on the exchange.

What information must be reported on instructions for form 8824?

On instructions for form 8824, taxpayers must report the description of the property exchanged, dates of exchange, fair market values of the properties, and any cash received.