A tax deferred exchange is a simple strategy that involves "exchanging" one "like kind" property for another for a deferred tax gain treatment. Visit our library of important 1031 exchange forms.The pros at Equity Advantage have provided everything you need in easily downloadable PDF files. If you're selling an property in Phoenix, you should choose a new property and identify it in writing within a 45-day period. You must report the exchange to the IRS on Form 8824. With your final statement, we will send our workbook explaining how to fill out your Form 8824 properly.