[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-303357-105":53,"doc-detail-303357-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","instructions-for-form-8824-like-kind-exchanges","Instructions for Form 8824 - Like-Kind Exchanges","","Instructions for completing IRS Form 8824 to report like-kind exchanges involving business or investment real property and to calculate deferred gain. Covers key updates and write-in space for Section 121 exclusion when e-filing, guidance for specific lines (19, 20, 25b), and rules affecting capital gains from qualified farmland property under new Internal Revenue Code section 1062. Explains exchange limitations under Section 1031, opportunity zones and qualified opportunity fund (QOF) treatment, and filing requirements including Part IV elections for conflict-of-interest sales.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/instructions-for-form-8824-like-kind-exchanges/303357/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/instructions-for-form-8824-like-kind-exchanges/303357.png","ImageObject",442,249,{"name":88,"@type":89},"Emma Wilson","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-26","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is Form 8824 used for in a like-kind exchange?","Question",{"text":108,"@type":109},"Form 8824 reports each exchange of business or investment real property for real property of a like kind and determines deferred gain. Part III is used when cash or non-like-kind property is involved and to figure the basis of like-kind property received.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What update is provided for e-filed Form 8824 related to Section 121?",{"text":113,"@type":109},"If you exchanged real property that qualifies for exclusion of gain under Section 121 and you file electronically, line 19 includes a write-in space for “Section 121 exclusion” and the amount. Do not reduce line 19 by the exclusion amount.",{"name":115,"@type":106,"acceptedAnswer":116},"What are the limitations on like-kind exchange treatment under Section 1031 for later years?",{"text":117,"@type":109},"For 2018 and later years, Section 1031 like-kind exchange treatment applies only to exchanges of real property held for use in a trade or business or for investment, excluding real property held primarily for sale.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},303357,1790455882,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":73,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":76},3848291630094,"https://eur-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","2025  \nInstructions for Form 8824  \nLike-Kind Exchanges  \n(and section 1043 conflict-of-interest sales)   \nSection references are to the Internal Revenue Code unless otherwise noted.  \nFuture Developments  \nFor the latest information about developments related to Form 8824 and its instructions, such as legislation enacted after they were published, [go to](go to IRS.gov/Form8824)[ ](go to IRS.gov/Form8824)[IRS.gov/Form8824](go to IRS.gov/Form8824) .  \nWhat’s New  \nWrite-in space available for e-filed Form 8824. If you exchanged real property that is also subject to exclusion of gain under section 121 and you are filing your Form 8824 electronically, there is a space on line 19 for you to write “Section 121 exclusion” and the amount of the exclusion, if needed. This space has been available on paper forms. Don’t reduce line 19 by the amount of the exclusion. See Line 19 and Property Used as Home, later.  \nLines 19 and 20. We added guidance for figuring the amounts to enter on these lines. See new Line 19 and new Line 20 .  \nLine 25b. If like-kind section 1252, 1254, or 1255 property was received as part of the exchange, include the basis of those properties on line 25b. See Lines 25a, 25b, and 25c, later.  \nTreatment of capital gains from the sale or exchange of qualified farmland property. Section 70437 of Public Law 119-21, commonly known as the One Big Beautiful Bill Act (OBBBA), adds new Internal Revenue Code section 1062 allowing taxpayers to elect to defer the net income tax attributable to the gain on the sale or exchange of qualified farmland property to a qualified farmer during the tax year. This treatment is effective for tax years beginning after July 4, 2025. See Form 1062, Schedule A (Form 1062), and the Form 1062 and Schedule A instructions when they become available.  \nOpportunity zones. Section 70421 of P. L. 119-21 revises certain Opportunity Zone rules in Internal Revenue Code sections 1400Z-1 and 1400Z-2 .  \nGeneral Instructions Reminders  \nInstructions for completing lines 12a, 15a, and 25a through 25c on e-filed Forms 8824. Lines 12a, 15a, and 25a through 25c have been added to e-filed Forms 8824. E-filers no longer need to attach a separate sheet providing details for those lines. See No separate attachment required after 2023 under Line 12a, Line 15a, and Lines 25, 25a, 25b, and 25c, later.  \nExchanges limited to real property. For 2018 and later years, section 1031 like-kind exchange treatment applies only to exchanges of real property held for use in a trade or business or for investment, other than real property held primarily for sale. Regulations sections 1.1031(a)-1, 1.1031(a)-3, and 1.1031(k)-1 provide a definition of real property under section 1031, address ataxpayer's receipt of personal property incidental to the like-kind real property received, and apply to like-kind exchanges after December 2, 2020. See Definition of Real Property, later, for more details.  \nSpecial rules for capital gains invested in qualified opportunity funds (QOFs). Effective December 22, 2017, section 1400Z-2  \nintroduced a temporary deferral of inclusion in gross income for capital gains from the investment in QOFs, and permanent exclusion of capital gains from the sale or exchange of an investment in the QOF if the investment is held for at least 10 years. See the Form 8949 instructions on how to report your election to defer eligible gains invested in a QOF.  \nFor additional information (including details on investments in QOFs held for at least 10 years), see Opportunity zones frequently asked questions, at [IRS.gov](IRS.gov).  \nQualified opportunity investment. If you are an eligible taxpayer who held a qualified investment in a QOF at any time during the year, you must file your tax return with Form 8997, Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments, attached. See the Form 8997 instructions.  \nPurpose of Form  \nUse Parts I, II, and III of Form 8824 to report each exchange of busine","cbCaisqJKvCNpFxC","https://ap.wps.com/l/cbCaisqJKvCNpFxC","pdf",197788,7,"English","# What’s New\n## General Instructions Reminders\n# Purpose of Form\n## When To File\n# Like-Kind Exchange Scope and Special Rules\n## Exchanges limited to real property\n## Opportunity zones and QOFs\n## Treatment of capital gains from qualified farmland property","[{\"question\":\"What is Form 8824 used for in a like-kind exchange?\",\"answer\":\"Form 8824 reports each exchange of business or investment real property for real property of a like kind and determines deferred gain. Part III is used when cash or non-like-kind property is involved and to figure the basis of like-kind property received.\"},{\"question\":\"What update is provided for e-filed Form 8824 related to Section 121?\",\"answer\":\"If you exchanged real property that qualifies for exclusion of gain under Section 121 and you file electronically, line 19 includes a write-in space for “Section 121 exclusion” and the amount. Do not reduce line 19 by the exclusion amount.\"},{\"question\":\"What are the limitations on like-kind exchange treatment under Section 1031 for later years?\",\"answer\":\"For 2018 and later years, Section 1031 like-kind exchange treatment applies only to exchanges of real property held for use in a trade or business or for investment, excluding real property held primarily for sale.\"}]","Instructions for Form 8824 - Like-Kind Exchanges | PDF",1789802489]