Get 2002 Form 8824 (fill-in Version). Like-kind Exchanges

Filling out the 2002 Form 8824 is essential for reporting like-kind exchanges of property. This guide provides comprehensive steps to assist users in accurately completing the form online.

Follow the steps to successfully fill out the form.

1. Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
2. Enter your name(s) as they appear on your tax return in the designated field at the top of Part I of the form.
3. Provide your identifying number (for individual filers, this would be your Social Security number) in the next field.
4. In Part I, line 1, describe the like-kind property you are giving up, ensuring to include information about outside U.S. locations if applicable.
5. On line 2, describe the like-kind property you are receiving in exchange, similar to the detail provided in line 1.
6. Fill in the acquisition date of the property you are giving up on line 3, following with the actual transfer date on line 4.
7. Record the identification date of the property received on line 5 and the actual receipt date on line 6.
8. Indicate whether the exchange was made with a related party on line 7. If yes, complete Part II; otherwise, continue to Part III.
9. In Part II, provide details of the related party, including their identifying number and address on the relevant lines.
10. Answer the questions on lines 9 and 10 regarding the sale or dispossession of the like-kind property received, depending on your situation.
11. If applicable, complete Part III to report realized gain or loss, recognized gain, and basis of the like-kind property received.
12. Conclude by reviewing all entries for accuracy and completeness before proceeding to save, download, print, or share the form.

For efficient document submission and management, start completing your forms online today.