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Get your taxes done using TurboTax
Great news! The like-kind exchange Form 8824 is scheduled for release on March 18th, 2022. Once it's available you will be all set and the information below might be useful.
- When will federal forms be available? (Form 8824 will be ready on 3/31/2022 likely waiting on the IRS to finalize since it is still in draft form)
When you are signed into your TurboTax Online Account you can follow the steps below:
- Under Wages and Income scroll to 'Other Business Situations' > Select Show More > Start Sale of Business Property
- Check the box next to Any additional like-kind exchanges (section 1031) > Continue
- Follow each screen to make your entries > Your Form 8824 will be completed for you based on your entries
- See the images below for assistance.
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March 17, 2022
1:18 PM