Arizona 1031 Exchange Rules, FAQs, and More - TFS Properties. About. If the EAT has begun the exchange by acquiring the Replacement Property, then the Exchanger must identify within 45 days after the. Online Financial Calculator | Like Kind Exchange Calculator - This calculator is designed to calculate and the recognized loss, gain and the basis for a Like Kind Exchange. 1031 (a)-1 (c) provides as an example of a like-kind exchange the exchange of a leasehold of real property with a remaining term of 30 years or more for a fee interest in real property. co. Form 8824 figures the amount of gain deferred as a result of a like-kind exchange. Calculate the return. B. The property given up must be of a “like kind” to the property that is received; Requirement #1: Exchange of property. If you use Microsoft Excel for financial data where exchange rates are part of what you need, check out the Currencies data type. 5 (2016), alleviates some of the uncertainty that taxpayers and practitioners face when structuring a reverse like - kind exchange intended to qualify for nonrecognition treatment under Sec. The primary form you prepare for a 1031 exchange is Form 8824. For like -kind exchanges completed after December 31, 2017, the TCJA limited the property eligible for like -kind exchange treatment. Example #5 – Built-In Formulas are Best Suited for Excel. So I'm left with 100k which I used to purchase 2 like-kind properties one (Property B) for 150k and another (Property C) for 200k. The 1031 Exchange Calculator considers information for both the sale and buy properties. See full list on mortgagecalculator. A 1031 Informationsaustausch is a scheme where CRE investors can defer both capital profit charge and depreciation recapture tax upon the sale of ampere propertyA 1031 exchange is a transaction in which eligible property is exchanged for property of like-kind and gain or loss is deferred for federal income tax purposes. Calculate the taxes you can defer when selling a property. Reporting of multi-asset exchanges. com Check Details. Repetition is the mother of learning! 1031 Like Kind Exchange Worksheet And Form 8824 Worksheet Template. A 1031 exchange must be completed within a 180-day period. To qualify for a 1031 exchange, the relinquished property and the replacement property must be “like-kind. When you exchange or trade property of the same nature or character, it's called a like-kind or Section 1031 exchange, which gets reported on IRS form 8824. Like-Kind 1031 Exchange With Boot. Form 8824 figures the amount of gain deferred as a result of a like-kind exchange. Select the formula in the cell using the mouse, and press Ctrl + C to copy it. A 1031 Exchange exists a strategies where CREATED capital can defer both major gains fiscal and depreciation reclaiming control the that sell of a eigenheim. Automatically create sample worksheets of IRS Form 8824. kind properties, cash or other (not like-kind) property. If you exchange either business or investment property that is of the same nature or character, the IRS won't recognize it as a gain or loss. To apply separate passenger auto limits when electing out of Reg. The maximum exclusion under Sec. An exchange of multiple properties or assets can be a tax-deferred like-kind exchange. Realized Gain, Recognized Gain and Basis of Like-Kind Property Received. Like-kind exchanges, that is exchanges of property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind", have long been permitted under the Internal Revenue Code. . Subtract the total amount of depreciation you have taken on the property from your result to calculate the adjusted basis of the property you are giving up in the like-kind exchange. In General an Exchange (known as a 1031 Exchange) is the sale of your property and then putting all of the money received into the purchase of a new Like Kind Property. If you take cash. =IF (C5=”USD”,1,IF (C5=”EUR”,0. Reg. Like Kind Exchange Calculator. Estimate the steuern you can defer when selling an property; Includes declare taxes real depreciation recapture; Immediately download the 1031 exchange calculatorIf you exchange either business or investment property that is for the same nature or personality, the IRS won't seeing it the a gain or loss. Immediately download the 1031 exchange calculator. Enter the amount from line 1 here and on Form 4562, line 2. Generally, if the exchange meets the requirements of I. How to Calculate in Excel Sheet? Example #1 – Use Formulas in Excel as a Calculator. (B) Under paragraph (b)(2)(ii) of this section, all liabilities assumed by U ($7000) are excess liabilities assumed. 1. About The 1031 Exchange Calculator. Line 3 minus line 7 9. Note: Only real property should be described on lines 1 and 2. Description of like-kind property received: 3 Generally, if you make a like-kind exchange, you are not required to recognize a gain or loss under Internal Revenue Code Section 1031. You should see screens such as Sales of Other Business Property, Total Gross Proceeds, and these screens may not relate to your tax situation. This is the primary purpose of Part III and. Cash Boot Example. A 1031 Exchange, or Like-kind Exchange, is a strategy in which a real estate investor can defer both capital gains tax and depreciation recapture tax upon the sale of a property and use that. It discusses how to figure gain (loss), whether it is ordinary or capital, how to treat the gain or loss, and how to report gains and losses. Replacement property must be identified within 45 days. Depreciation is a tax deduction you take annually to account for wear and tear on the property. At CPEC1031, our qualified intermediaries have decades of experience aiding taxpayers with their like-kind exchanges. 102,000. This calculator is designed to calculate. We tried to get some great references about like. Requires only 10 inputs into ampere simple Excel spreadsheet. The same 45 day Identification Period and 180 day Exchange Period deadlines of IRC §1031 apply to a safe harbor reverse exchange under Rev. Whether you’re exchanging real estate property, we can walk you through the process, prepare all the required documents, and answer all of your questions. For the like-kind exchange of an aggregate asset or for a mass trade, each treatment must calculate. Most like-kind exchanges are four-party arrangements involving a qualified intermediary (QI). There is a realized loss of $14,000 but it is not recognized because it is personal. com Check Details. Enter that result on line 19. In essence you Defer the gain by transferring it to. Click Blank workbook. On Mac, click the New tab and then click Blank Workbook. Solved: MYSELF understand abstractly whereby a 1031 Like Kind Exchange workings. not a sale. We tried to find some amazing references about 1031 Like Kind Exchange Worksheet And Form 8824 Worksheet Template for you. Resources. Like-Kind Exchange. Continuing with the example, assume you have taken $100,000. Sec. . About Form 8824, Like-Kind Exchanges. Certain members of the executive branch of the Federal Government and judicial officers of the Federal Government use Part IV to elect to defer gain on conflict-of-interest sales. Liabilities received 5. 888-367-1031. 2. The relinquished properties sold and the like-kind replacement properties acquired should be segregated or sorted into exchange groups. Other Gains/Loss (4797, 8824) Form 8824 - Like-Kind Exchanges - Click New. See here for more details. Source: db-excel. The recognized gain would be 2500 (the lesser of 3000 realized gain and 2500 boot received). Generally, if you make a like-kind exchange, you are not required to recognize a gain or loss. Among Business Items, Sale on Business Property, I enter the like-kind exchange information. If the names on the sale property and the exchange property are different, it won’t be accepted. On the Home tab, click . Total gain is the actual gain realized in the exchange. For example, suppose a real estate investor sold raw land for $1,000,000 and used $800,000 of the proceeds to purchase a shopping center. Yes. If you’re working with a qualified intermediary, that person can’t have an interest in the exchange. Web worksheets and checklists available for free to natp members include:. 625 million. A like-kind exchange is a type of transaction that may allow for the taxpayer to defer taxable gains or avoid taxable gains altogether. When I got complicated MCQ like this, it was "easy" to just type them in and get the answer. Mail: Phone: Fax: Email: 1031 Corporation 1707 N Main St Longmont, CO 80501. 23. Help desk doesn't have theme matter experts to guide me through and process. The website that is known for providing free to use financial tools and resources has included the newly added Like-Kind-Exchange calculator under their business tools category. Enter the total amount of gain that you are including on lines 2, 10, and 24 due to the partial dispositions ofmore you know about al anon step one worksheet. Suppose you have the last month prices in column B and this month prices in column C. On line 20, enter the smaller of: Line 15 minus the exclusion, or. 3%. Continue to enter your information. Allison invests $1,550,000 in a new building and buys stock with. Select the cell that contains the result from step 2. or foreign) is a. The Internal Revenue. Sec. 121 would be $62,500. Completion of IRS Form 8824 “Like-Kind Exchanges” 6 Net amount for Reinvestment. Note: The 10% adjustment factor that is. Note that Multi-Asset exchanges are covered in detail in Section 1. Fortunately, the TCJA passed by Congress and signed into law by the President generally preserved like-kind exchanges under Section 1031 of the Code. 24Dear Bill, If you follow all of the IRS rules for a “Reverse 1031 Exchange,” then yes, it is possible to acquire property in a like-kind exchange before selling the property given up. If you traded in a business vehicle in 2017 or earlier, you. Download the free like kind exchange worksheet. Description of like-kind property given up. Sales Price Established? Net Proceeds Calculation. 8989 Rio San Diego Drive #250 San Diego, CA 92108 Phone: (619) 231-1977 Fax: (619) 231-8244. Web get a like kind. These calculations are estimates for the purpose of demonstration. You cannot enter a multiple property exchange in TurboTax using the method you describe in your post. 1031 like kind exchange worksheetWorksheet. Description of like-kind property given up: 2 . The use of a QI can be expensive and adds risk to the success. Each individual 1031 exchange you undertake within a tax year requires a separate Form 8824 to be accurately recorded. Enter Your Data and Exchange Rate: - Place the amounts to be converted in column A and the exchange rate in column B. Today, we take an initial look at what that means for farmers or other taxpayers looking to trade equipment or livestock in 2018. How to calculate an installment sale; How has the Tax Cuts and Jobs Act impacted the use of the Installment Sale Method; What is a like-kind exchange as defined by IRC Section 1031; When can a taxpayer utilize the provisions of IRC Section 1031; What types of real property are eligible for like-kind exchange treatment and what types are notLike-kind exchanges are transactions in which two parties exchange assets of a similar nature without incurring tax liabilities. The Tax Cuts and Jobs Act of 2017 and its Effects on 1031 Exchanges. | Website CalculatorLike Kind Tax Deferred Exchange Calculator. Gains from sale info_outline $ Amount reinvested info_outline $ Total boot $. 121 would be $62,500. This calculator will help you to determine the tax deferment you will realize by performing a 1031 section like-kind exchange rather than a taxable real estate sale. . Reporting State Capital Gain 6 . Do not send them with your tax return. Description of like-kind property given up: 2 . About The 1031 Exchange Calculator. Example 1 illustrates the calculation of the reduced maximum exclusion. 1031 Team 1. The gains of the transaction are not tax-exempt. Merriam-Webster unabridged. Therefore, the exchange is one of like-kind property. Calculate live currency and foreign exchange rates with the free Xe Currency. Realized Gain, Recognized Gain and Basis of Like-Kind Property Received. 5% at $4. Include your name and identifying number at the top of each page of the statement. 1. . Calculate a basis consistent with the final estate tax value by starting with the reported value and then making any allowed adjustments. Select Like-Kind Exchange, then continue with the interview process to enter all of the appropriate information. A 1031 exchange, named after section 1031 of the U. This is also Cash Boot. The rules of a 1031 exchange with multiple properties. Example 1. This is also Cash Boot. 2000-37, with a slight tweak. Business gains and losses reported on Schedule D and Form 4797 are included in the excess business loss calculation. Like-Kind Exchange Depreciation OptionsPress F2 (or double-click the cell) to enter the editing mode. Edwards, JD, CES®. Use Parts I, II, and III of Form 8824 to report each exchange of business or investment property for property of a like kind. Therefore, a taxable cash boot of $500,000 is realized. Changes to rules for like-kind exchanges: Like-kind exchange treatment applies to certain exchanges of real, personal or intangible property. Los Angeles. ” According to the IRS, like-kind exchanges are “real property used for business or held as an investment [exchanged] solely for other business or investment property that is the same type. Apply the Currencies Data Type. Form 8824 is used by taxpayers to report like-kind exchanges. Check Details 1031 ebook guidebook residence realized1031 investor. b. Sign it in a few clicks. Few real estate exchanges are multi-asset exchanges. Excess business losses that are disallowed are treated as a net operating loss. 25 * total deferred gains of $500,000 = $125,000. Nontaxable exchanges - Like kind exchange of a vehicle. If you want to meet the conditions for a 1031 exchange, you much purchase a replacement property for at least $650,000. . With a 1031 like-kind exchange, you can sell your investment property, purchase a like-kind property and defer capital gains tax. 1031 Treasury Regulations. 1. Click on the second tab to calculate the 45 & 180 day property exchange deadlines. This involves filling out IRS Form 8824 and submitting it along with your federal income tax return. 168(i)-6, open the Asset List window and mark the Apply separate passenger auto limits when electing out of Reg. You only need to click on this toll to be connected to the exchange rate market. The property I relinquished in the like-kind exchange is being reported in form 4797, "Sale of Business Property". Date acquired and Date. The property cost $150,000 when purchased ten years ago. We would like to show you a description here but the site won’t allow us. Click any blank cell. Replacement property must be identified within 45 days. Requires only 10 inputs into ampere simple Excel spreadsheet. Describe the rules for qualifying an exchange as a like-kind exchange and the definition of "like-kind". WorkSheet #1 - Calculation of Basis WorkSheet #s 2 & 3 - Calculation of Exchange Expenses - Information About Your Old Property WorkSheet #s 4, 5 & 6 - Information About Your New Property - Debt Associated with Your Old and New Property - Calculation of Net Cash Received or Paid WorkSheet #s 7 & 8 - Calculation of Form 8824, Line 15 01. The 1031 exchange rules and regulations are applied separately and individually to each 1031 exchange group to determine the amount of any excess gain to be recognized, and the basis of the like-kind replacement properties received. 168 (i)-6, when you acquire a MACRS asset through a like-kind exchange. Use Excel as your calculator. Recognize the effects of debt and boot on non-recognition, and how to calculate gain in context of a section 1031 exchange. 1031 Exchange Calculator. Sadly there was not a ruling attached in which the IRS determined that the TIC was not a partnership. The new property you’ve targeted is only priced at $750,000. 1 by flood. Use Part III to figure the amount of gain required to be reported on the tax return in the current year if cash or property that isn't of a like kind is involved in the exchange. Introduction. Over the course of numerous transactions the geometic growth in capital can be substantial. Because capital gains taxes may have to be. If the property described on line 1 or line 2 is real property located outside the United States, indicate the country. Any suggestions or recommendations is much appreciated. Normally, when a taxpayer sells property, gain or loss on the sale is recognized in the tax year in which the sale occurs. To pay no tax when executing a 1031 Exchange, you must purchase at least as much as you sell (Net Sale) AND you must use all of the cash received (Net Cash Received). In order for the new contract to qualify as a. Calculation. IRC Section 1031 (a) (1) states as under : “No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment. Regs. 40 / (1 + 10%) 20 Present Value of Annuity = $13,492. 1 by flood. 1031 Exchanges of personal property will almost always involve multiple groups. The taxpayer took depreciation on Property X for the 10 years they owned the property. Capital gains tax is owed when you sell a non-inventory asset at a higher price than you paid resulting in a realized profit. Worksheet April 17, 2018. In a like-kind exchange, the taxpayer's basis in the replacement property is generally. Reporting of multi-asset exchanges. Any boot the taxpayer receives is regarded as taxable gain and will trigger a taxable event. 1031 and 1033 exercise in the following 10311031 exchange rules: 7 irs rules you must follow 39 1031 like kind exchange worksheet1031 exchange: how it. Finding the New Cost Basis. In the Expenses section click on the QuickZoom to the Asset Entry Worksheet. Source: db-excel. 14A 1031 exchange is governed by Code Section 1031 as well as various IRS Regulations and Rulings. This will paste the formula exactly, without changing the cell references, because the formula was copied as text. ”. Sprinkler equipment acquired with farm land. Source: db. We’ll be happy to help you with calculating your 1031 Exchange, please give us a call 215-489-3800. 2. Original purchase price ($): Let’s say we’ve decided to sell a property and use the 1031 like-kind exchange to defer taxes. This type has some timing rules, including that you have 45 days from the date of sale of the relinquished property to identify potential replacement properties in writing to your QI and 180 days from the date of sale of your relinquished property to close the sale of the replacement property or properties. Simultaneous Exchange. Help desk. If you are an investor and considering selling your investment property and purchasing another, you may want to do a like-kind exchange. Web download the free like kind exchange worksheet. If you exchange either business or investment property that is of the same nature or character, the IRS won’t recognize it as a gain or loss. The Drop and Swap. EXCHANGES SOLELY FOR PROPERTY OF LIKE KIND . Boot is anything that is not considered “like-kind” that the taxpayer receives in an exchange. This calculation considers factors such as the adjusted basis of the relinquished property and the fair market value of the replacement property. C. Automatically create sample worksheets of IRS Form 8824. First, there is a minimum. Click Like-Kind Exchange, and continue with the interview process to. IRA and 401K Rollover. Like kind exchange worksheet worksheet — db-excel. ️1031 exchange worksheet excel free download| gambr. If you transferred and received (a) more than. We will soon write separately about vehicle depreciation and trades in light of the new law. Certain members of the executive branch of the federalIncomplete or Partial Exchange Spanning Two Tax Years 4 . Historically, Section 721 has been used by REITs when buying from parties wishing to avoid such gains tax. Hence. It is called the 1031 exchange because Section 1031 of the Internal Revenue Code exempts the seller of an. . 90% of Listing Price – All Liens = Estimated Proceeds. Note: Only real property should be described on lines 1 and 2. It was coming from reputable online resource which we enjoy it. Like Kind Exchange Calculator All Calculators. Entering multiple received properties with different dates in exchange for one on form 8824, Like-kind. Example 1: A, a single individual, owned and lived in a residence for six months until its destruction on Dec. Ok, so I need to know how the taxable basis is determined in a partial 1031 (like kind) exchange. grass fedjp worksheet study site. Gain or loss is recognized on the vehicle traded-in depending upon the trade-in value and remaining basis in it. A 1031 exchange doesn’t make capital gains tax go away; it. See Page 1 of the Instructions for Form 8824 on multi-asset exchanges and reporting of multi-asset exchanges. Example #2 – Use Cell References. To pay no tax when executing a 1031 Exchange, you must purchase at least as much as you sell (Net Sale) AND you must use all of the cash received (Net Cash Received). Like-Kind Exchanges online: To get started on the blank, utilize the Fill camp; Sign Online button or tick the preview image of the document. 45 Day Deadline: You have to identify prospective like-kind replacement properties prior to midnight on the 45th day after closing on your property sale transaction. To pay no tax when executing a 1031 Exchange, you must purchase at least as much as you sell (Net Sale) AND you must use all of the cash received (Net Cash Received). Germs germ preschool 1031 excel nara designlooter lessons kuprik reino1031 like kind exchange calculator 1031 irs pdffiller calculation fillable faxSpreadsheet excel calculator amortization expenses 1031 fmla amortize budgeting naturalbuffdog. Home received in a like-kind exchange. Discuss the use of qualified intermediary or escrow agent for deferred exchange. 1031 Like. Cash Boot Example. Tax Court upholds non-safe-harbor reverse like-kind exchange. Perform "What if" analysis by changing the. Depreciation recapture is a significant factor in participating in a like-kind exchange. It sells for $650,000. Select Start across from Sale of Business Property. The property cost $150,000 when purchased ten years ago. An installment sale is a saleInstallment Sales and 1031 Like-Kind Exchanges, Part 1. 09/25/18. 1031 Team. The like-kind exchange treatment is mandatory if the transaction meets the statutory requirements. Web this fact sheet, the 21 st in the tax gap series, provides additional guidance to taxpayers regarding the rules and. Click + Add Form 8824 to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit). Web like kind exchange worksheet 1031 exchange calculator excel. Mail in to the IRS with your tax return. The results of combining the two tax-deferral methods are a gain deferral from the section 1031 exchange of $2 million and an increase of $50,000 in depreciation deductions in the current year, resulting in reduced taxes of nearly $20,000, assuming a. Reverse 1031 exchanges are more expensive than conventional 1031 exchanges, with reverse 1031 exchange base fees starting at $3,500. Working with her real estate advisor, Kelly found a mixed-use, multi-tenant building near her home, consisting of two apartments, two stores, and three townhouses. Reverse 1031 Exchange Time Periods. Note. Computing Gain For Multi-Property 1031 Exchange. Calculator is what you might be the main things by the amount of the following the property. 1. grass fedjp worksheet study site Worksheets worksheet family word printable preschool words cat 1031 exchange rhyme kindergarten sat number cvc fat train rhyming phonics printablesWorksheet exchange. Global tax and the kind excel survey is freeThe exchange facilitator can be a qualified intermediary or another person who holds exchange funds for you as part of an escrow, or exchange agreement. The Form 8824 Worksheet is an attachment to the form that helps taxpayers calculate and report the. 1. The three primary 1031 exchange rules to follow are: Replacement property should be of equal or greater value to the one being sold. Cash Boot Example #2. Depreciation of Replacement Property 5 . Basically, we can separate the tool into two different sections. Resources. There are four main ways to execute a real estate like-kind exchange, each with its own rules. 400 W. Regs. This taxpayer fully depreciated the five-year property components by the time the exchange occurs. Check Details. Check Details. (1) Federal Capital Gains equal to Realized Gain less depreciation taken multiplied by the applicable rate. 1031 exchange versus an outright sale, a significant reduction from the $378,870 in tax savings that would accrue from using a like-kind exchange under the current rules; however, the like-kind exchange is still the better option. If you take cash out and/or you purchase less than you sell, it is considered. This calculator will help you to determine the tax deferment you will realize by performing a 1031 section like-kind exchange rather than a taxable real estate sale. On the summary Form 8824, enter only your name and identifying number, "Summary" on line 1, the total recognized gain from all exchanges on line 23, and the total basis of all like-kind property received on line 25. She wants to do a 1031 exchange into a $325,000 condo. “The great majority of properties now swapped. Source: db-excel. Write the Conversion Formula: - In cell C2, write the formula to convert. Reg. 2022 General Instructions Future developments. Relinquished property must be “like-kind” to replacement property. Recommended Articles. 2KB. Example 1. The main difference is that the property you’re exchanging into (i. How To Record A 1031 Exchange. Excel Models. kind properties, cash or other (not like-kind) property. Use Parts I, II, and III of Form 8824 to report each exchange of business or investment property for property of a like kind. For information on like-kind exchanges, please see IRS Publication 544 Sales and Other Dispositions of Assets. 1031 exchange properties utilize trusts larger1031 exchange and depreciation recapture explained a-to-z 1031 exchange basis rules1031 exchange rules in california. Generally, if you make a like-kind exchange, you are not required to recognize a gain or loss. 1031. No capital gains tax is incurred on inventory assets. (3) Rate varies by state. ” This tool, which is described under Section 1031 of the Internal Revenue Code, typically rises in popularity when capital gain tax rates increase. Get this excel template customized with. Worksheet April 17, 2018. TAXES DUE (Effective Tax Rate)4. A 1031 exchange is a tax break. Select the cells and then select Insert > Table . . $1,080,000. In a like-kind exchange, you are essentially swapping your current property for a new one. We hope you can find what you need here. 1031. Personal property cannot be used in a like-kind exchange. In General an Exchange (known as a 1031 Exchange) is the sale of your property and then putting all of the money received into the purchase of a new Like Kind Property. The sale or disposition of real estate or personal property (relinquished property) and the acquisition of like-kind real estate or personal property (replacement property) structured as a tax-deferred, like-kind exchange transaction pursuant to Section 1031 of the Internal Revenue Code and Section 1. Type text, add images, blackout confidential details, add comments, highlights and more. Here’s an example of how to calculate the cost basis of your cryptocurrency: Take the initial investment amount (let’s assume it is $1000). See Page 1 of the Instructions for Form 8824 on multi-asset exchanges and reporting of multi-asset exchanges. If you take cash out and/or you purchase less than you. We have developed the enclosed worksheets for use in calculating the information used to report 1031 Exchanges on Form 8824 and herein enclose a copy. Cheat Code in Excel I use to answer Like-Kind exchange questions. Example: Calculating Gain and Basis for an Exchange Like-Kind Property. 5 yrs), Site Improvements (15 yrs), and Land. Form 8824 - Like-Kind Exchanges. For example, a taxpayer sells a commercial building for $500,000 with an adjusted tax basis after depreciation of $150,000. Perhaps the most important 1031 exchange news of 2019 was the release of the IRS’ Second Round of Proposed Guidance on Opportunity Zones. A like-kind exchange refers to the exchange of property held for productive use in a trade or business or for investment in which the exchange is made for a similar kind of property. Accruit. 2. During this tax year, and Before the 2-year anniversary of the last property transfer; If so, answer ‘Yes. Add lines 4, 5 and 6 8. 37. Example 1. Step 4. Like-Kind Property in a 1031 Exchange. There are several instances in which 1031 like-kind exchange rules intersect with those for installment. 8989 Rio San Diego Drive #250 San Diego, CA 92108 Phone: (619) 231-1977 Fax:. ; The basis of the replacement property is $20,000 −. The three primary 1031 exchange rules to follow are: Replacement property should be of equal or greater value to the one being sold. com Appraisal accounting 1031 managers questionnaire 30 1031 exchange calculation worksheet Exchange kind worksheet excel db education character. Part I of Form 8824 is called “Information on the Like-Kind Exchange” and contains seven lines requesting information about your Exchange. Using a 1031 tax-deferred exchange requires advance planning.