Like-Kind Exchange Reporting
From TaxAlmanac
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A gain calculated in Part III of Form 8824, will need to be reported on either Form 4797 or Schedule D. If it is a capital gain, report it on Schedule D. Ordinary income (line 21 of the 8824) will need to be reported in Part II of the 4797. Section 1231 gain would need to be reported in Part I of Form 4797. See Like-Kind Exchange for additional information.
