Screen 8824PT - Like-Kind Exchange of Section 179 Property (1120)

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General Information

Does not qualify for installment treatment (State use only)
Enter
X
if an installment obligation was received in the like-kind exchange, either PA or WI is entered in the
State postal code
field, and the exchange does not qualify for installment treatment.

Computation of Gain and Basis

Installment obligation received in like-kind exchange
Enter the installment obligation received, if at least one payment on the note is to be received after the tax year of the disposition. 

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