North Dakota Tax Free Exchange Package

State:
North Dakota
Control #:
ND-P064-PKG
Format:
Word; 
Rich Text
Instant download

Description

The Tax-Free Exchange Package contains essential forms to successfully complete a tax-free exchange of like-kind property.

This package contains the following forms:

(1) Exchange Agreement
(2) Exchange Addendum
(3) Certification Of No Info Reporting On Sale Of Exchange
(4) Like-Kind Exchanges
(5) Sale of Business Property
(6) Personal Planning Information and Document Inventory Worksheets

Detailed Information on each form:

1. Exchange Agreement - This form is used to establish the intent to enter into an exchange agreement and to otherwise qualify the contemplated transactions under the qualified intermediary safe harbor.

2. Exchange Addendum - In this form, the parties amend an existing contract to buy and sell real estate and agree that the Exchanging Party's rights under the contract are assignable prior to closing to structure an exchange of the property under Section 1031. The Cooperating Party agrees to reasonably cooperate in such exchange with the Exchanging Party.

3. Certification Of No Info Reporting On Sale Of Exchange - Complete this form to determine whether the sale or exchange should be reported to the seller, and to the Internal Revenue Service on Form 1099-S, Proceeds From Real Estate Transactions.

4. Like-Kind Exchanges - This form is used to report each exchange of business or investment property for property of a like kind to the Internal Revenue Service.

5. Sale of Business Property - This form is used to report gains, losses and recapture amounts from the sale of business property and involuntary conversions.

Free preview
  • Form preview
  • Form preview
  • Form preview
  • Form preview

How to fill out North Dakota Tax Free Exchange Package?

Avoid expensive lawyers and find the North Dakota Tax Free Exchange Package you want at a affordable price on the US Legal Forms site. Use our simple groups function to search for and download legal and tax forms. Go through their descriptions and preview them just before downloading. In addition, US Legal Forms enables users with step-by-step instructions on how to obtain and complete each form.

US Legal Forms subscribers merely have to log in and obtain the particular form they need to their My Forms tab. Those, who have not obtained a subscription yet must follow the tips listed below:

  1. Make sure the North Dakota Tax Free Exchange Package is eligible for use where you live.
  2. If available, read the description and use the Preview option well before downloading the sample.
  3. If you are confident the document fits your needs, click on Buy Now.
  4. In case the form is wrong, use the search engine to find the right one.
  5. Next, create your account and choose a subscription plan.
  6. Pay by card or PayPal.
  7. Choose to download the document in PDF or DOCX.
  8. Click Download and find your template in the My Forms tab. Feel free to save the form to your gadget or print it out.

After downloading, you are able to fill out the North Dakota Tax Free Exchange Package manually or with the help of an editing software. Print it out and reuse the form many times. Do more for less with US Legal Forms!

Trusted and secure by over 3 million people of the world’s leading companies

North Dakota Tax Free Exchange Package