Form 8824 - Like-Kind Exchanges - 2017 Page 2
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Form 8824 (2017)
Page
Your social security number
Name(s) shown on tax return. Do not enter name and social security number if shown on other side.
Part III
Realized Gain or (Loss), Recognized Gain, and Basis of Like-Kind Property Received
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 Reporting of multi-asset exchanges in the instructions.
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
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13
Adjusted basis of other property given up .
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14
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 .
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14
Caution: If the property given up was used previously or partly as a home, see Property used as
home in the instructions.
15
Cash received, FMV of other property received, plus net liabilities assumed by other party,
15
reduced (but not below zero) by any exchange expenses you incurred. See instructions .
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16
FMV of like-kind property you received .
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17
Add lines 15 and 16
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17
18
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
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19
Realized gain or (loss). Subtract line 18 from line 17 .
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19
20
Enter the smaller of line 15 or line 19, but not less than zero .
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20
21
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Ordinary income under recapture rules. Enter here and on Form 4797, line 16. See instructions
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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 .
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23
Recognized gain. Add lines 21 and 22 .
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24
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Deferred gain or (loss). Subtract line 23 from line 19. If a related party exchange, see instructions
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Basis of like-kind property received. Subtract line 15 from the sum of lines 18 and 23
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Part IV
Deferral of Gain From Section 1043 Conflict-of-Interest Sales
Note: This part is to be used only by officers or employees of the executive branch of the Federal Government or judicial
officers of the Federal Government (including certain spouses, minor or dependent children, and trustees as described in
section 1043) 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 is more than the basis of
the divested property.
26
Enter the number from the upper right corner of your certificate of divestiture. (Do not attach a
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copy of your certificate. Keep the certificate with your records.) .
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Description of divested property
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Description of replacement property
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29
Date divested property was sold (month, day, year) .
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MM/DD/YYYY
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Sales price of divested property. See instructions .
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31
Basis of divested property
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32
Realized gain. Subtract line 31 from line 30 .
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33
Cost of replacement property purchased within 60 days after date
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of sale .
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34
Subtract line 33 from line 30. If zero or less, enter -0-
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34
35
Ordinary income under recapture rules. Enter here and on Form 4797, line 10. See instructions
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36
Subtract line 35 from line 34. If zero or less, enter -0-. If more than zero, enter here and on
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Schedule D or Form 4797. See instructions .
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37
Deferred gain. Subtract the sum of lines 35 and 36 from line 32
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37
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Basis of replacement property. Subtract line 37 from line 33 .
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38
8824
Form
(2017)
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