Lines 15 and 15a. Include on line 15 the sum of:
• Any cash paid to you by the other party;
• The FMV of other (non-like-kind) property you received, if any;
and
• Net liabilities assumed by the other party—the excess, if any, of
liabilities (including mortgages) assumed by the other party over the
total of (a) any liabilities you assumed, (b) cash you paid to the other
party, and (c) the FMV of the other (non-like-kind) property you gave
up.
Line 15a. On line 15a, enter a description of the other
(non-like-kind) property received.
E-filers don’t have line 12a, 15a, or 25a through 25c on their
Form 8824. E-filers must attach a separate sheet to their
Form 8824 on which they will report information for those
lines. They should write at the top of the sheet, their name and
identifying number as they appear on the Form 8824.
Reduce the sum of the above amounts (but not below zero) by
any exchange expenses you incurred.
Line 18. Include on line 18 the sum of:
• The adjusted basis of the like-kind real property you gave up;
• Exchange expenses, if any (except for expenses used to reduce
the amount reported on line 15); and
• The net amount paid to the other party—the excess, if any, of the
total of (a) any liabilities you assumed, (b) cash you paid to the other
party, and (c) the FMV of the other (non-like-kind) property you gave
up over any liabilities assumed by the other party.
in my desktop version (Deluxe) step-mode, there is a specific page to enter exchange expenses.
first comes page "different property given up"
the next page asks about exchange expenses.
