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

    A Guide Of Option Trading Strategies ...

  2. Trading Strategies

    Why & How To Reevaluate Your Trading ...

  3. Investing

    The Biggest Threats to Netflix

  4. Trading Strategies

    Effective Risk Control With Scaling ...

  5. Chart Advisor

    3 Basic Material Stocks Poised For A ...

Trading Center