This version of the form is not currently in use and is provided for reference only. Download this version of IRS Form 8824 for the current year.
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 8824?
A: IRS Form 8824 is used to report Like-Kind Exchanges for tax purposes.
Q: What is a Like-Kind Exchange?
A: A Like-Kind Exchange is a transaction where property is exchanged for similar property, allowing for potential tax deferment.
Q: What types of property can be included in a Like-Kind Exchange?
A: Real estate, vehicles, and other tangible assets can typically be included in a Like-Kind Exchange.
Q: Do I have to report a Like-Kind Exchange to the IRS?
A: Yes, you must report a Like-Kind Exchange on IRS Form 8824.
Q: How does a Like-Kind Exchange affect my taxes?
A: A Like-Kind Exchange allows for potential tax deferment, meaning you may not have to pay taxes on the gain from the exchange at the time of the transaction.
Q: Are there any restrictions or requirements for a Like-Kind Exchange?
A: Yes, there are specific rules and requirements outlined by the IRS for a transaction to qualify as a Like-Kind Exchange.
Form Details:
Download a fillable version of IRS Form 8824 through the link below or browse more documents in our library of IRS Forms.