Article: 50206

Overview

Use Parts I, II, and III of Form 8824 to report each exchange of business or investment real property for real property of a like kind.

• Form 8824 figures the amount of gain deferred as a result of a 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.

Use Part III to figure the basis of the like-kind property received.

Add Form 8824

To add the Form 8824:

1. Go to Federal Taxes.
2. Click Review.
3. Click I’d like to see the forms I’ve filled out or search for a form.
4. Enter Form 8824 in the search box and click on Form 8824 – Like-Kind Exchanges to add and open the form.
5. Enter your information and click Save.

Further Information

See About Form 8824, Instructions for Form 8824, and/or Pubs. 523, 525, and 544 for more information.