Remember to File IRS Form 8824 With the Tax Return

 

 

When a 1031 Exchange is complete, the Exchanger or their tax advisor will need to include IRS Form 8824 with the Exchanger’s federal tax return for the year the Relinquished Property transferred.

Remember to file IRS form 8824 with the tax return.

When a 1031 Exchange is complete, the Exchanger or their Tax Advisor will need to include IRS form 8824 with the Exchanger’s federal tax return for the year the Relinquished Property transferred.

Form 8824 identifies the Relinquished Property, the Replacement Property, and the date it was identified.

The form also identifies the recognized and deferred capital gain, as well as any taxable boot or Non-Like Kind Property received by the Exchanger.

If you have any questions or need further clarifications, please feel free to contact us or access our Knowledge Center on our website.

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