OMB No. 1545-1190 Like-Kind Exchanges

Form 8824 (and nonrecognition of gain from conflict-of-interest sales)

Department of the Treasury

Internal Revenue Service

© See separate instructions. © Attach to your tax return. Attachment

© Use a separate form for each like-kind exchange. Sequence No. 49

Name(s) shown on tax return Identifying number

Information on the Like-Kind Exchange

1 Description of like-kind property given up ©

2 Description of like-kind property received ©

3 Date like-kind property given up was originally acquired (month, day, year) 3 / /

4 Date you actually transferred your property to other party (month, day, year) 4 / /

5 Date the like-kind property you received was identified (month, day, year). See instructions 5 / /

6 Date you actually received the like-kind property from other party (month, day, year) 6 / /

7 Was the exchange made with a related party? See instructions.

Yes, in this tax year No. If “No,” go to Part II.

8 Enter the following information about the related party:

Name Identifying number

Address (no., street, and apt. or suite no., rural route, or P.O. box no. if mail is not delivered to street address)

City or town, state, and ZIP code Relationship to you

During this tax year, did the related party sell or dispose of the like-kind property received from you in the

exchange? 

9

10 During this tax year, did you sell or dispose of the like-kind property you received? 

If both lines 9 and 10 are “No,” go to Part II. If either line 9 or line 10 is “Yes,” the deferred gain or (loss) from line 24 must

be reported on your return this tax year, unless one of the exceptions on line 11 applies. See instructions.

11 If one of the exceptions below applies to the disposition, check the applicable box:

The disposition was after the death of either of the related parties.

The disposition was an involuntary conversion, and the threat of conversion occurred after the exchange.

You can establish to the satisfaction of the IRS that neither the exchange nor the disposition had tax avoidance as

its principal purpose. If this box is checked, attach an explanation. See instructions.

Caution: If you transferred and received (a) more than one group of like-kind properties, or (b) cash or other (not like-kind)

property, see instructions under Multi-Asset Exchanges.

Note: Complete lines 12 through 14 ONLY if you gave up property that was not like-kind. Otherwise, go to line 15.

12 Fair market value (FMV) of other property given up 12

13 Adjusted basis of other property given up 13

Gain or (loss) recognized on other property given up. Subtract line 13 from line 12. Report the

gain or (loss) in the same manner as if the exchange had been a sale

14

14

15 Cash received, FMV of other property received, plus net liabilities assumed by other party, reduced

(but not below zero) by any exchange expenses you incurred. See instructions 15

16 FMV of like-kind property you received 16

17 Add lines 15 and 16 17

Adjusted basis of like-kind property you gave up, net amounts paid to other party, plus any

exchange expenses not used on line 15. See instructions 

18

18

19 Realized gain or (loss). Subtract line 18 from line 17 19

20 Enter the smaller of line 15 or line 19, but not less than zero 20

21 Ordinary income under recapture rules. Enter here and on Form 4797, line 17. See instructions 21

Basis of like-kind property received. Subtract line 15 from the sum of lines 18 and 23

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22

For Paperwork Reduction Act Notice, see separate instructions. Form 8824 (1992)Cat. No. 12311A

Part I

Yes No

Yes No

Part II Realized Gain or (Loss), Recognized Gain, and Basis of Like-Kind Property Received

Note: If the property described on line 1 or line 2 is real property located outside the United States, indicate the country.

a b c Yes, in a prior tax year

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24 Deferred gain or (loss). Subtract line 23 from line 19. If a related party exchange, see instructions 

Subtract line 21 from line 20. If zero or less, enter -0-. If more than zero, enter here and on Schedule

D or Form 4797, unless the installment method applies. See instructions 

Recognized gain. Add lines 21 and 22 

25

23

24

25

a

b

c
Form 8824 (1992) Page 2

Section 1043 Conflict-of-Interest Sales. See instructions. Attach a copy of your certificate of divestiture.

Description of divested property ©

Description of replacement property ©

Date divested property was sold (month, day, year) 28 / /

Sales price of divested property. See instructions 29

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30

27

Basis of divested property 

Realized gain. Subtract line 30 from line 29 31

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32

29

Cost of replacement property purchased within 60 days after date

of sale

Recognized gain. Add lines 34 and 35 

30

33

34

31

Ordinary income under recapture rules. Enter here and on Form 4797, line 11. See instructions

Basis of replacement property. Subtract line 37 from line 32 

32

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Part III

Note: This part is only to be used by officers or employees of the executive branch of the Federal Government for reporting

nonrecognition of gain under section 1043 on the sale of property to comply with the conflict-of-interest requirements. This

part can be used only if the cost of the replacement property exceeds the basis of the divested property.

Name(s) shown on tax return. Do not enter name and social security number if shown on other side. Your social security number

33

34

35

36

37

38

Subtract line 32 from line 29. If zero or less, enter -0- 

Subtract line 34 from line 33. If zero or less, enter -0-. If more than zero, enter here and on

Schedule D or Form 4797. See instructions 

Deferred gain. Subtract line 36 from line 31 

36

37

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