IRS Form 8824 Support

Comprehensive support for IRS Form 8824 preparation, ensuring accurate reporting of like-kind exchange transactions and full compliance with federal tax requirements.

IRS Form 8824 is required for every taxpayer who completes a like-kind exchange under Section 1031 of the Internal Revenue Code. This form reports the details of your exchange including the relinquished and replacement property descriptions, dates, adjusted basis, realized gain, recognized gain, and deferred gain. Errors or omissions on Form 8824 can trigger IRS audits and potentially disqualify your exchange. We provide Washington DC investors with comprehensive support for Form 8824 preparation, working alongside your tax advisor and CPA to ensure every field is accurately completed. We compile closing statements, exchange agreements, identification notices, and qualified intermediary documentation to create a complete record of your 1031 exchange transaction. Whether you exchanged into single tenant NNN retail, multifamily, industrial, or DST investments, we help organize the documentation your tax professional needs to file Form 8824 accurately and on time.
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Related Services

Tax Advisor Coordination

Seamless coordination with your CPA, tax attorney, and financial advisors to ensure your 1031 exchange strategy aligns with your overall tax planning and wealth management goals.

Qualified Intermediary Coordination

Secure custodial oversight and wiring discipline that preserves every exchange milestone from contract to closing.

Legal Review

Thorough legal review of exchange documents, purchase agreements, lease abstracts, and title commitments to protect 1031 exchange investors from contractual and compliance risks.

45-Day Identification Period

Strategic guidance for the critical 45-day identification window in your 1031 exchange. We help investors identify qualifying replacement properties before the IRS deadline expires.

Frequently Asked Questions

When is IRS Form 8824 required for a 1031 exchange?

Form 8824 must be filed with your federal tax return for the year in which you transferred the relinquished property, even if the exchange spans two tax years. For example, if you sold your Washington DC property in December 2024 and acquired replacement property in March 2025, Form 8824 is filed with your 2024 tax return. The form must be filed for every like-kind exchange you complete, including exchanges into single tenant NNN retail, multifamily, industrial properties, and DST investments.

What information is needed to complete Form 8824?

Form 8824 requires detailed information including descriptions of both the relinquished and replacement properties, dates of transfer and receipt, the relationship between parties, adjusted basis of the relinquished property, fair market value of the replacement property, any boot received or paid, exchange expenses, realized gain, recognized gain, and the basis of the replacement property. We compile all closing statements, exchange agreements, identification notices, and qualified intermediary documentation to ensure your tax advisor has a complete and accurate record for Washington DC exchange transactions.

What happens if Form 8824 is filed incorrectly?

Incorrect or incomplete Form 8824 filings can trigger IRS scrutiny, audits, and potentially the disqualification of your 1031 exchange. Common errors include incorrect basis calculations, missing property descriptions, inaccurate dates, and failure to report boot. If the IRS disqualifies your exchange, you could owe capital gains taxes, depreciation recapture, and penalties. We work with your tax advisor to ensure every detail is accurately reported for Washington DC exchange transactions, whether you acquired single tenant NNN retail, multifamily, or other replacement property types.