Exchanging Thoughts

Reporting your 1031 Exchange on Form 8824

Posted by Margo McDonnell on Thu, Oct 11, 2012

Many that requested an extension are now wrapping up (or maybe just starting) their 2012 tax return.  Those that completed a 1031 exchange must also report the transaction on this return due October 15th.  Therefore, we are using this Thankful Thursday  post to help those now trying to report their 1031 exchange. Following is a line-by-line Instruction for the completion of Form 8824:

Read More

Topics: tax consequences of a 1031 exchange, reporting a 1031 exchange