Instructions For Form 8824 - Use parts i, ii, and iii of form 8824 to report each exchange of business or investment property for property of a like kind. This form is critical for disclosing the exchange details, including the description of the properties, their respective fair market values (fmvs), any liabilities assumed or relieved, and the recognized gain or loss calculation. For the latest information about developments related to form 8824 and its instructions, such as legislation enacted after they were published, go to irs.gov/form8824. If no additional property was given up leave like j blank. Complete the summary smart worksheet:
If no additional property was given up leave like j blank. For the latest information about developments related to form 8824 and its instructions, such as legislation enacted after they were published, go to irs.gov/form8824. Complete the summary smart worksheet: Use parts i, ii, and iii of form 8824 to report each exchange of business or investment property for property of a like kind. This form is critical for disclosing the exchange details, including the description of the properties, their respective fair market values (fmvs), any liabilities assumed or relieved, and the recognized gain or loss calculation.