Fillable Form 24 - Oregon Like-Kind Exchanges/involuntary Conversions printable pdf download

Clear Form

Oregon Like-Kind

For Tax Year

Form

For office use only

Exchanges/Involuntary

Date received

Conversions

Taxpayer name(s)

Social Security number(s)

Taxpayer street address

Federal employer identification number

City

State

ZIP code

Oregon business identification number

Use this form only to report the exchange of business

Corporate filers: Attach this form to the back of your

and investment property in Oregon for property outside

Oregon corporation return (Form 20, 20-I, or 20-S) and

Oregon when you defer gain on an exchange of like-kind

check the box “Form 24 is attached.”

property under Internal Revenue Code Sections 1031 or 1033.

Partnership filers: Attach this form to the back of your

Do not use this form for personal-use property such as the

Oregon partnership return (Form 65) and check the box

vehicle you use for transportation. Do not use this form when

“Form 24 is attached.”

exchanging property in Oregon for other property in Oregon.

Trust/Estate filers: Attach this form to the back of your

You must file Form 24 in the tax year that you transferred

Oregon fiduciary return (Form 41) and check the box “Form

property to another party in a like-kind exchange. If you

24 is attached.”

made more than one like-kind exchange, report each

If you have questions or need more information, visit

exchange on a separate Form 24. Or, you may file one sum-

, or call 503-378-4988 (Salem), or

mary Form 24 and attach your own statement showing all

1-800-356-4222 (toll-free from an Oregon prefix).

the information requested on Form 24 for each property.

Individual filers: Attach this form to your Oregon income

tax return (Form 40, 40N, or 40P) and check box 7d, “You

filed an Oregon Form 24.”

Provide the following information on the like-kind exchange:

1. Address (if applicable) and description of the Oregon property given up (include street, city, state, and county)

2. Address (if applicable) and description of the property received (include street, city, state, and county)

3. Month, day, and year you actually

transferred your Oregon property to the other party ...........................................

4. Month, day, and year you actually

received the property from the other party ..........................................................

5. Realized gain (or loss) on Oregon property from line 19 or line 32 of federal Form 8824 ........................

6. Recognized gain on Oregon property from line 23 or line 36 of federal Form 8824 ...............................

7. Deferred gain (or loss) on Oregon property from line 24 or line 37 of federal Form 8824 .......................

Remember: The deferred gain (or loss) must be reported to Oregon upon the disposition of the replacement property.

150-800-734 (Rev. 12-08)

—Attach this form to the back of your Oregon return and check the appropriate box on the return—

Form 24 - Oregon Like-Kind Exchanges/involuntary Conversions

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