CFP

By Investopedia AAA

Tax Consequences - Reporting Requirements

Reporting Requirements
The tax law recognizes that some exchanges result in the change of form of property but not in substance. Because of this, nontaxable exchanges are allowed in realization of no change in economic position. The replacement property is simply viewed as a continuation of the previous investment.

Each taxpayer that participates in the "like-kind exchange" must file Form 8824 to report the transaction and to receive the tax-free status. Qualifying Transactions

You May Also Like

Related Articles
  1. Trading Strategies

    5 Ways To Adapt To Tough Markets

  2. Professionals

    Want To Be A Financial Planner? Eye ...

  3. Personal Finance

    Credit Risk Analyst: Boring Title, Great ...

  4. Mutual Funds & ETFs

    Position Your ETF Portfolio For Success ...

  5. Investing Basics

    How Much Does A Financial Advisor Earn?

Trading Center