Like-Kind Exchanges

ICR 202108-1545-002

OMB: 1545-1190

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2021-11-27
IC Document Collections
IC ID
Document
Title
Status
40058 Modified
ICR Details
1545-1190 202108-1545-002
Received in OIRA 201906-1545-014
TREAS/IRS
Like-Kind Exchanges
Extension without change of a currently approved collection   No
Regular 12/31/2021
  Requested Previously Approved
36 Months From Approved 12/31/2021
137,547 137,547
665,269 665,269
0 0

Form 8824 is used by individuals, partnerships, and other entities to report the exchange of business or investment property, and the deferral of gains from such transactions under section 1031. It is also used to report the deferral of gain under section 1043 by certain members of the executive branch of the Federal government.

US Code: 26 USC 1043 Name of Law: Sale of property to comply with conflict-of-interest requirements.
   US Code: 26 USC 1031 Name of Law: Exchange of property held for productive use or investment.
  
None

Not associated with rulemaking

  86 FR 23788 05/04/2021
86 FR 73851 12/28/2021
No

1
IC Title Form No. Form Name
Like-Kind Exchanges Form 8824 Like-Kind Exchanges

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 137,547 137,547 0 0 0 0
Annual Time Burden (Hours) 665,269 665,269 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$90,075
No
    Yes
    Yes
No
No
No
No
Matthew Martinez 737 800-4092

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/31/2021


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