Form 8824 Example. Do not enter name and social security number if shown on other side. 2 name(s) shown on tax return.
Form 8824LikeKind Exchanges
When you sell it for less than what you paid, you have a capital loss. For review, we are dealing with the following scenario. Web form 8824, the 1031 exchange form. Use parts i, ii, and iii of form 8824 to report each exchange of business or investment property for property of a like kind. Exchanger settles on relinquished property on dec. 14, 2015, and then settles on replacement property may 1, 2016. 2 name(s) shown on tax return. Ordinarily, when you sell something for more than what you paid to get it, you have a capital gain; Alan adams bought a duplex ten years ago for $200,000 cash. This is the primary purpose of part iii and irs form 8824.
2 name(s) shown on tax return. Web example you sold a hotel with beds, desks, etc. And acquired an unfurnished apartment building. When you sell it for less than what you paid, you have a capital loss. Exchanger settles on relinquished property on dec. Then, prepare worksheet 1 after you have finished the preparation of. Web form 8824 worksheet form 8824 worksheet tax deferred exchanges under irc § 1031 worksheet 1 taxpayer exchange property replacement property date closed before preparing worksheet 1, read the attached instructions for preparation of form 8824 worksheets. For review, we are dealing with the following scenario. Web form 8824, the 1031 exchange form. Use parts i, ii, and iii of form 8824 to report each exchange of business or investment property for property of a like kind. Alan adams bought a duplex ten years ago for $200,000 cash.
