George4Tacks
Level 15
12-07-2019
10:57 AM
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CA still wants to track the exchange, even though the replacement is out state. If a complete 1031, then no tax due to CA in the year of sale. Annually TP needs to file 3840. If the out of state property sells at a gain, then CA wants their piece of the pie at that time. https://www.ftb.ca.gov/file/personal/reporting-like-kind-exchanges.html
Here's wishing you many Happy Returns