NettetThese instructions were originally developed in the early 1990s when the IRS Form 8824 was first created. The IRS Form 8824 is very complicated and uses terms with which most exchangers are not familiar. As exchangers had many questions, this Workbook was published to be of assistance to them to properly report an exchange. NettetSee the Form 8824 instructions for this line for more info as well as Publication 544 for more detailed info. Send Income to - Select the appropriate form to carry the income: …

How To Report a 1031 Exchange on Your Tax Return

NettetForm 4797 Not Generating. Form 4797 will only generate if there is realized gain on the exchange. Per the 8824 Instructions, "Generally, if you exchange business or investment real property solely for business or investment real property of a like kind, section 1031 provides that no gain or loss is recognized. Nettet28. jan. 2024 · All 1031 exchanges report on Form 8824. If you need to file an extension, use Form 4868. As with other such forms, the IRS makes available an HTML version of their official instructions. It’s worth giving these at least a quick review; the IRS revises the form and their instructions every year. diversionx eyewear

Federal Form 8824 Instructions - eSmart Tax

http://www.starker.com/8824.pdf NettetIf the 180-day exchange period is before the April filing date, your return will be on time. If it’s after, you need to file for an extension using IRS Form 4868. You’ll need to fill out specific tax forms and provide information about the properties for the IRS. IRS Form 8824: Like-Kind Exchange. All 1031 exchanges are reported on IRS Form ... NettetIRS Form 8824, the 1031 Exchange form, is where you report your Section 1031 Exchange – Delayed, Reverse, or Construction. The Form 8824 is due at the end of … diversis fishbowl