IRS 8824 2016 free printable template

Form 8824 Department of the Treasury Internal Revenue Service Like-Kind Exchanges OMB No. 1545-1190 ? Attach to your tax return. ? Information about Form 8824 and its separate instructions is at www.irs.gov/form8824.

How to fill out 2015 form 8824

How to fill out 2015 form 8824?

1. Gather all necessary information and documentation, such as the date of the property transfer, the addresses of the properties involved, and any other relevant details.
2. Begin by completing the taxpayer information section, including your name, Social Security number, and address.
3. Proceed to Section A, which requires details about the properties involved in the like-kind exchange, such as their address, date acquired, and date relinquished.
4. In Section B, you will provide information about any additional properties involved in the exchange.
5. Move on to Section C, which asks for the fair market values of the properties involved in the exchange.
6. Next, complete Section D, where you will calculate any gain or loss from the exchange by subtracting the adjusted basis of the relinquished property from the fair market value of the replacement property.
7. If any cash or property other than like-kind property was received or given up in the exchange, you will need to provide details in Section E.
8. Finally, sign and date the form before submitting it to the appropriate tax authority.

Who needs 2015 form 8824?

1. Individuals or entities who have engaged in a like-kind exchange of properties during the 2015 tax year.
2. Taxpayers who have received or given up cash or property other than like-kind property as part of the exchange.
3. Those who need to report any gain or loss from the exchange for tax purposes.

For pdfFiller’s FAQs

What is form 8824 - irs?

Form 8824 - IRS is a tax form used to report like-kind exchanges of business or investment property.

Who is required to file form 8824 - irs?

Taxpayers who have engaged in like-kind exchanges of business or investment property are required to file Form 8824 - IRS.

How to fill out form 8824 - irs?

To fill out Form 8824 - IRS, you will need to provide information about the exchanged properties, their values, and the dates of the exchange. You must also report the realized gain or loss on the exchange.

What is the purpose of form 8824 - irs?

The purpose of Form 8824 - IRS is to report like-kind exchanges and calculate the realized gain or loss on the transaction.

What information must be reported on form 8824 - irs?

Form 8824 - IRS requires reporting of the properties exchanged, their values, the dates of the exchange, the realized gain or loss, and other relevant details.

When is the deadline to file form 8824 - irs in 2023?

The deadline to file Form 8824 - IRS in 2023 is April 15th.

What is the penalty for the late filing of form 8824 - irs?

The penalty for late filing of Form 8824 - IRS is generally 5% of the additional tax owed for each month or partial month the form is late, up to a maximum of 25% of the tax owed.

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