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2016 Instruction 1040 US Tax Form Instructions I1040gi
opments affecting Form 1040 or its instructions, go to IRS.gov/form1040. Due date of return. File Form 1040 by. April 18, 2017. The due date is April 18,.
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About Form 8824, Like-Kind Exchanges
Use Parts I, II, and III of Form 8824 to report each exchange of business or investment property for property of a like kind.
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How Does the New Tax Law Act Impact Equipment Trades?
John reported the transaction on Form 8824, and could generally use IRC § 179 to immediately expense $50,000, the amount of boot paid in the transaction.
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