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Instructions and help about irs form 8824

Music hello everyone and welcome to today's class on like-kind exchanges we're gonna begin by moving past the table of contents and on to the introduction which begins on page three of the manual and in certain situations it is possible for a business to defer or delay taxation of capital gains and losses where an asset used for income production is traded for a similar asset also used for income production IRS regulations require the deferral of gains and losses on the exchange of property that is light kind now normally when we have a discussion with a client about like-kind exchanges we're hearing from the client because the client is looking for tax advice they're trying to figure out how to get themselves into a qualifying like-kind exchange scenario but it may be the case that they are in a like-kind exchange scenario and don't even know it because there are some kinds of like-kind exchanges that are going on around us all the time and as tax practitioners we should be aware of w

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