Pomona California Form 8824 2024

Pomona California Form 8824: What You Should Know

A Tax Organizer: Form 8802 for Tax-Deferred Like-Kind Exchanges — The Tax Organizer by Michael J. Altenhofen, CPA. Taxes on a Like-Kind Exchange. From an exchange of business or investment property of a like subject, report the gain or loss as of the date of the taxable disposition on the tax return (except for items of income, gain, deduction, or credits for certain purposes) provided that the amount of gain or loss does not exceed the fair market value at the time of the acquisition (or, where the exchange is for more than 250,000, the fair market value of the property).

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