1031 Reverse Exchange and Tax Form 8824


B

Brighthouse

FACT PATTERN
1. Taxpayer enters into a 1031 Reverse Exchange.
2. Replacement property is held by Exchange Accommodation
Titleholder on 03/27/2003.
3. The relinquished property is identified on 04/26/2003.
4. The actual exchanges of the properties occured in
06/30/2003. Taxpayer receives replacement property and
property is relinquished.

QUESTION
What dates do I insert on tax form 8824 for lines 4, 5, & 6?

It appears that the verbiage on the tax form is for
traditional 1031 exchanges. For example, line 5 asks for
the date the like-kind property you received was identified.
However, according to Rev Proc 2000-37, the 45 day rule is
for identifying which property is going to be relinquished
(i.e., not the replacement property).

Any assistance is appreciated. Thank you.

Best Regards,
Ken
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA 1031-Exchange Form 8824 missing 0
Reverse Exchange and Filling out 8824 0
Tax forms for 1031 exchange 1
1031 Exchange Tax 4
1031 exchange 3
1031 exchange 2
1031 Reverse Exchange and the 180 Day Rule 0
1031 exchange 1

Top