The IRS states that Form 8824 is used to report exchanges of business or investment property for property of a like kind. Reporting obligations can continue in certain related-party situations. Your return preparer should determine how the exchange, recognized gain, basis and any other property or money received are reported.
Professional use
Use this resource to frame questions for your qualified intermediary, CPA, attorney, broker and lender. Facts and deadlines should be verified against current law and the circumstances of the transaction.
Primary reference: view source.