DaveF1006
Expert Alumni

Get your taxes done using TurboTax

Although you can include multiple properties in one exchange, you need to generate separate 8824 for each property exchanged. When multiple properties are either relinquished or received, the taxpayer should prepare a schedule to show the detail by property.  This schedule is kept for your records to use to prepare your 8824 and for IRS purposes if there are questions about the exchanges.

 

Since you are using Turbo Tax desktop, go to forms>open form>type in 8824. There will then be an 8824 form. You can actually enter information on the form itself regarding the individual properties. After the first form is complete, then go through and add the second one and complete that. Do this until all four 8824's are complete.

 

 

 

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