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Form 8824 For New Jersey: What You Should Know
If you fail to complete this step of the tax form, then you will lose the interest and gain from the exchange. Form 8824 and IRS Form 1099S can be completed together to include a disposition of property of a like kind. Second, you must complete the entire tax form on a tax return if you made a large amount of “like-kind” exchanges during the year. Third, you must enter a total of all 1031 exchanges and 1099S exchanges on Schedule A.
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