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

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