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 About Form 8824, Like Kind ExchangesInternal Revenue Service 2020

8824 2020-2025 Form

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Video instructions and help with filling out and completing About Form 8824, Like Kind ExchangesInternal Revenue Service

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Instructions and help about irs form 8824 example

[Music] thank you welcome to episode 12 the last of our educational series on 1031 exchanges be sure to watch our series on passive real estate investing basics and real estate taxation Basics we also encourage you to read our book how to retire from being a landlord which you can order for free on our website or on Amazon in Prior episodes we spent a lot of time explaining how to complete a 1031 exchange but keep in mind there is some homework for you or your Tax Advisor after your exchange is closed first your Tax Advisor already should have calculated the cost basis and unrealized gain of your relinquished property you'll want to keep that information in a file for the future second your Tax Advisor also should determine the depreciable basis of your relinquished property and establish a new depreciation schedule for your replacement property you cannot calculate the ladder without the former for more information on this topic see episode 5 of our real estate taxation series

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