PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for IRS Form 8824
for the current year.
Instructions for IRS Form 8824 Like-Kind Exchanges (And Section 1043 Conflict-Of-Interest Sales)
This document contains official instructions for IRS Form 8824 , Like-Kind Exchanges (And Section 1043 Conflict-Of-Interest Sales) - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 8824 is available for download through this link.
FAQ
Q: What is IRS Form 8824?A: IRS Form 8824 is used for reporting like-kind exchanges and section 1043 conflict-of-interest sales.
Q: What is a like-kind exchange?A: A like-kind exchange is a transaction where property is exchanged for similar property, usually for business or investment purposes.
Q: What are section 1043 conflict-of-interest sales?A: Section 1043 conflict-of-interest sales refer to sales made by government employees who are subject to certain conflict-of-interest rules.
Q: Who needs to file IRS Form 8824?A: Anyone who has engaged in a like-kind exchange or a section 1043 conflict-of-interest sale should file IRS Form 8824.
Q: What information is required on IRS Form 8824?A: IRS Form 8824 requires information about the exchanged properties, their adjusted basis, fair market values, and any gain or loss realized in the transaction.
Q: What are the deadlines for filing IRS Form 8824?A: IRS Form 8824 should be filed with your tax return for the year in which the exchange or sale occurred.
Q: Are there any special rules or requirements for like-kind exchanges?A: Yes, there are specific rules and requirements that must be followed for a transaction to qualify as a like-kind exchange.
Q: Can I e-file IRS Form 8824?A: No, IRS Form 8824 cannot be e-filed and must be submitted by mail.
Q: What are the consequences of not filing IRS Form 8824?A: Failure to file IRS Form 8824 may result in penalties or fines.
Q: Is professional assistance recommended for completing IRS Form 8824?A: Yes, it is recommended to seek professional assistance or consult a tax advisor if you are unsure about completing IRS Form 8824 correctly.
Instruction Details:
- This 6-page document is available for download in PDF;
- Actual and applicable for filing 2023 taxes;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of IRS-released tax documents.
Download Instructions for IRS Form 8824 Like-Kind Exchanges (And Section 1043 Conflict-Of-Interest Sales)
1
2
3
4
5
6
