Form 8824 Worksheet. Go to www.irs.gov/form8824 for instructions and the latest information. Then, prepare worksheet 1 after you have finished the preparation of worksheets 2 and 3.
Use parts i, ii, and iii of form 8824 to report each exchange of business or investment property for property of a like kind. Generally, the irs prefers the use of only one 8824 form and the attachment of a statement indicating how you determined the gain if more than one exchange is entered into during one. Web use the figure from form 8824, line 25 in determining the cost or basis on line 30. From within your taxact return ( online or desktop), click federal (on smaller devices, click in the top left corner of your screen, then click federal ). Form 8824 worksheet worksheet 2 tax deferred exchanges under irc § 1031. Enter the combined amounts from lines 15 through 25 of both. Web to access form 8824 in the taxact program: Insert a brief description such as “duplex located at 123 anywhere street, city, state, zip.” Go to www.irs.gov/form8824 for instructions and the latest information. Otherwise, complete the form according to its instructions.
Web both can affect your taxes. Web to access form 8824 in the taxact program: Form 8824 worksheet worksheet 2 tax deferred exchanges under irc § 1031. Web use the figure from form 8824, line 25 in determining the cost or basis on line 30. Generally, the irs prefers the use of only one 8824 form and the attachment of a statement indicating how you determined the gain if more than one exchange is entered into during one. Web both can affect your taxes. Otherwise, complete the form according to its instructions. From within your taxact return ( online or desktop), click federal (on smaller devices, click in the top left corner of your screen, then click federal ). Use parts i, ii, and iii of form 8824 to report each exchange of business or investment property for property of a like kind. Web on the worksheet form 8824 for the part of the property used for business or investment, follow steps (1) through (3) above only if you can exclude at least part of any gain from the exchange of that part of the property; Go to www.irs.gov/form8824 for instructions and the latest information.
