Tennessee Tax Free Exchange Package

Tennessee Tax Free Exchange Package
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State:
Tennessee
Control #:
TN-P064-PKG
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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.

How To Fill Out Tennessee Tax Free Exchange Package?

Access to top quality Tennessee Tax Free Exchange Package samples online with US Legal Forms. Avoid days of lost time looking the internet and lost money on forms that aren’t up-to-date. US Legal Forms offers you a solution to just that. Find above 85,000 state-specific authorized and tax samples that you could save and fill out in clicks within the Forms library.

To receive the example, log in to your account and click on Download button. The file will be saved in two places: on the device and in the My Forms folder.

For people who don’t have a subscription yet, check out our how-guide below to make getting started easier:

  1. Check if the Tennessee Tax Free Exchange Package you’re considering is appropriate for your state.
  2. See the sample using the Preview option and browse its description.
  3. Visit the subscription page by simply clicking Buy Now.
  4. Choose the subscription plan to go on to sign up.
  5. Pay out by card or PayPal to complete creating an account.
  6. Choose a favored file format to download the file (.pdf or .docx).

You can now open the Tennessee Tax Free Exchange Package template and fill it out online or print it out and get it done yourself. Think about giving the document to your legal counsel to make certain all things are filled out appropriately. If you make a error, print out and fill application once again (once you’ve registered an account all documents you download is reusable). Create your US Legal Forms account now and get a lot more templates.

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