- Date of Sale
- Date the sale of the received property or property given up took place.
- Date of Purchase
- Date the purchase of the received property or property given up took place.
- Description of Like Kind Property
- Brief description of the property involved in this exchange.
- Sales Price or Fair Market Value
- The sales price or Fair Market Value (FMV) of the property sold.
- Purchase Price or Fair Market Value
- The purchase price or Fair Market Value (FMV) of the property received.
- Less Liabilities/Mortgages
- Any liabilities or mortgages on the property.
- Adjusted Basis
- The adjusted basis of the property that was given up.