Our Fort Worth real estate lawyer can help investors complete 1031 like-kind exchanges and defer capital gains taxes. Call 817-349-7330 for a free consult.Description: This addendum is to be attached to a contract where either party intends to use the property to accomplish a Section 1031 Exchange. 1031 may apply only to the exchange of the land for other land. The IRS is looking for what is called related party transactions on Form 8824 used to file the 1031 exchange with your yearly Form 1040. In a 1031 exchange transaction, the seller of qualified property can use the entire equity in the property to purchase Replacement Property. Visit our library of important 1031 exchange forms. The pros at Equity Advantage have provided everything you need in easily downloadable PDF files. To enter into an agreement to receive electronic property tax statements, please complete the following form 50-801 and 50-843.