George4Tacks
Level 15

First year of the exchange - Use the exchange wizard, or other means to generate IRS 8824. If the exchange property was in CA and the replacement is in CA, no CA 3840 is required.

If the replacement is out of state, you will need to enter ALL the information into Screen 22 for California Like-Kind Exchanges (3840) Just print the IRS 8824 and grumble a lot while you enter the same information (plus a bit for the out of state info)

If this is not a first year and you have moved out of state, you must complete Screen 55 to trigger the CA NR Just enter 1 for NR and the Nonresident of CA Entire Year state of residence. Then go over to the bottom of Screen 57 California Like-Kind Exchanges (3840) Annual/Final Data and start entering the data from the prior year exchange ALL OF THE PARTS. You are permitted to grumble while you do this.

!!! 3840 is possible, but you have to work to get there !!!

 

 

 

 

 

 


Here's wishing you many Happy Returns