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received in a multi-asset exchange. For

exclusion to the result. Enter that sum on

exchange. To comply with the 45-day

details, see Regulations section

line 25.

written identification requirement, the

1.1031(j)-1.

following conditions must be met.

Property used partly as home. If the

1. The like-kind property you receive

Reporting of multi-asset exchanges.

property given up was used partly as a

in a deferred exchange is designated in

If you transferred and received (a) more

home, you will need to use two separate

writing as replacement property either in a

than one group of like-kind properties or

Forms 8824 as worksheets—one for the

document you signed or in a written

(b) cash or other (not like-kind) property,

part of the property used as a home and

agreement signed by all parties to the

do not complete lines 12 through 18 of

one for the part used for business or

exchange.

Form 8824. Instead, attach your own

investment. Fill out only lines 15 through

statement showing how you figured the

25 of each worksheet Form 8824. On the

2. The document or agreement

realized and recognized gain, and enter

worksheet Form 8824 for the part of the

describes the replacement property in a

the correct amount on lines 19 through 25.

property used as a home, follow steps (1)

clear and recognizable manner. Real

Report any recognized gains on your

through (3) above, except that instead of

property should be described using a legal

Schedule D; Form 4797, Sales of

following step (2), enter the amount from

description, street address, or

Business Property; or Form 6252,

line 19 on line 20. On the worksheet Form

distinguishable name (for example,

Installment Sale Income, whichever

8824 for the part of the property used for

“Mayfair Apartment Building”).

applies.

business or investment, follow steps (1)

3. No later than 45 days after the date

through (3) above only if you can exclude

you transferred the property you gave up:

Exchanges using a qualified exchange

at least part of any gain from the exchange

accommodation arrangement (QEAA).

a. You send, fax, or hand deliver the

of that part of the property; otherwise,

If property is transferred to an exchange

document you signed to the person

complete the form according to its

accommodation titleholder (EAT) and held

required to transfer the replacement

instructions. Enter the combined amounts

in a QEAA, the EAT may be treated as the

property to you (including a disqualified

from lines 15 through 25 of both

beneficial owner of the property, the

person) or to another person involved in

worksheet Forms 8824 on the Form 8824

property transferred from the EAT to you

the exchange (other than a disqualified

you file. Do not file either worksheet Form

may be treated as property you received

person), or

8824.

in an exchange, and the property you

b. All parties to the exchange sign the

transferred to the EAT may be treated as

More information. For details, see

written agreement designating the

property you gave up in an exchange. This

Rev. Proc. 2005-14, 2005-7 I.R.B. 528,

replacement property.

may be true even if the property you are to

available at

Generally, a disqualified person is

receive is transferred to the EAT before

ar10.html.

either your agent at the time of the

you transfer the property you are giving

Exchange of stock in a mutual ditch,

up. However, the property transferred to

transaction or a person related to you. For

reservoir, or irrigation company. The

you cannot be treated as property

more details, see Regulations section

exchange of stock in a mutual ditch,

received in an exchange if you previously

1.1031(k)-1(k).

reservoir, or irrigation company may

owned it within 180 days of its transfer to

qualify for the nonrecognition of gain or

Note. If you received the replacement

the EAT. For details, see Rev. Proc.

loss under section 1031.

property before the end of the 45-day

2000-37 as modified by Rev. Proc.

The nonrecognition of gain or loss on

period, you automatically are treated as

2004-51. Rev. Proc. 2000-37 is on

the exchange may apply if, at the time of

having met the 45-day written

page 308 of Internal Revenue Bulletin

identification requirement. In this case,

the exchange:

2000-40 at

enter on line 5 the date you received the

irb00-40.pdf. Rev. Proc. 2004-51, 2004-33

1. The company is a section 501(c)

replacement property.

I.R.B. 294, is available at

(12)(A) organization (determined without

2004-33_IRB/ar13.html.

regard to the percentage of income

Line 6. Enter on line 6 the date you

collected from members for the purpose of

received the like-kind property from the

Property used as home. If the property

meeting losses and expenses), and

other party.

given up was owned and used as your

home for at least a total of two years

2. The shares of stock in the company

The property must be received by the

have been recognized by the highest court

during the 5-year period ending on the

earlier of the following dates.

in the state in which the company was

date of the exchange, you may be able to

The 180th day after the date you

exclude part or all of any gain figured on

organized or by an applicable statute of

transferred the property given up in the

Form 8824. For details on the exclusion

that state as constituting or representing

exchange.

(including how to figure the amount of the

real property or an interest in real property.

The due date (including extensions) of

exclusion), see Pub. 523, Selling Your

your tax return for the year in which you

Additional information. For more

Home. Fill out Form 8824 according to its

transferred the property given up.

information on like-kind exchanges, see

instructions, with these exceptions:

Line 7. Special rules apply to like-kind

section 1031 and its regulations and Pub.

1. Subtract line 18 from line 17. Enter

exchanges made with related parties,

544.

that result on line 19. On the dotted line

either directly or indirectly. A related party

next to line 19, enter “Section 121

includes your spouse, child, grandchild,

Specific Instructions

exclusion” and the amount of the

parent, grandparent, brother, sister, or a

exclusion.

related corporation, S corporation,

Lines 1 and 2. For real property, enter

2. On line 20, enter the smaller of:

partnership, trust, estate, or tax-exempt

the address and type of property. For

organization. See section 1031(f).

a. Line 15 minus the exclusion, or

personal property, enter a short

An exchange made indirectly with a

description. For property located outside

b. Line 19.

related party includes:

the United States, include the country.

Do not enter less than zero.

An exchange made with a related party

Line 5. Enter on line 5 the date of the

3. Subtract line 15 from the sum of

through an intermediary (such as a

written identification of the like-kind

lines 18 and 23. Add the amount of your

qualified intermediary or an exchange

property you received in a deferred

2015 Instructions for Form 8824

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Instructions For Form 8824 - Like-Kind Exchanges (And Section 1043 Conflict-Of-Interest Sales) - 2015 Page 2

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