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FormLikeKind Exchanges8824Department of the Treasury Internal Revenue Service OMB No.15451190(and section 1043 conflictofinterest sales)Name(s) shown on tax returner I2017Attach to your tax return. Go
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Instructions for Form 8824 provide guidance on how to report like-kind exchanges of property under Internal Revenue Code Section 1031.
Taxpayers who engage in a like-kind exchange of real or personal property are required to file Form 8824 along with their tax return.
To fill out Form 8824, taxpayers need to provide details about the properties involved, the dates of the exchanges, any realized or deferred gains or losses, and other relevant information as specified in the instructions.
The purpose of the instructions for Form 8824 is to help taxpayers properly report the exchange of properties that qualify as like-kind under IRS rules.
Reported information includes descriptions of the properties exchanged, their fair market values, dates of the exchanges, and any gain or loss from the transaction.
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