Publication 544: Sales and Other Dispositions of Assets;

This is archived information that pertains only to the 2004 Tax Year. If you
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Form 8824 Like-Kind Exchanges 2003. Summary: Example of Form 8824 (2003) with items filled out as described in text. Additionally, the following line items are filled out:

“Name(s) shown on tax return” field contains Jane Smith

“Identifying number” field contains 458-00-0327

Under “Part I: Information on the Like-Kind Exchange”:

“1. Description of like-kind property given up” field contains Commercial building and land 25 Main Street, Smalltown, Virginia 20000

“2. Description of like-kind property received” field contains Commercial building and land 97 Oak Street, Smalltown, Virginia 20000

“3. Date like-kind property given up was originally acquired (month, day, year)” field contains 1-20-86

“4. Date you actually transferred your property to other party (month, day, year)” field contains 3-16-03

“5. Date like-kind property you received was identified by written notice to another party (see instructions for 45-day written notice requirement) (month, day, year)” field contains 3-16-03

“6. Date you actually received the like-kind property from other party (month, day, year) (see instructions)” field contains 3-16-03

“7. Was the exchange of the property given up or received made with a related party, either directly or indirectly (such as through an intermediary) (see instructions)? If Yes, complete Part II. If No, go to Part III. No” checkbox checked

Under “Part III: Realized Gain or (Loss), Recognized Gain, and Basis of Like-Kind Property Received”:

“15. Cash received, Fair Market Value of other property received, plus net liabilities assumed by other party, reduced (but not below zero) by any exchange expenses you incurred (see instructions)” field contains 0

“20. Enter the smaller of line 15 or line 19, but not less than zero” field contains 0

“22. Subtract line 21 from line 20. If zero or less, enter 0. If more than zero, enter here and on schedule D or Form 4797, unless the installment method applies (see instructions)” field contains 0

“23. Recognized gain. Add lines 21 and 22” field contains 0