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Lacerte would not generate a California 3805E?

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Level 1

A client sold a house in 2017 in an installment sale resulting in some gain. She received the first installment payment in 2017 and Lacerte generated both a 6252 and CA 3805E. No Problem.

In 2018, the client received the second installment payment. This time Lacerte generated a 6252 with Part II properly populated. However, for California, Lacerte would not generate a 3805E, even though it properly populated Part II of it just as it did with the 6252.

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4 Replies 4
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Level 15
Is there a Schedule CA? If CA = Federal for gains, I don't believe that there need be a 3805E or Schedule D.
Income tax returns are the most imaginative fiction being written today. — Herman Wouk
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Level 1
Yes, the gain for CA is equal to the gain for Federal, for both years. However, in 2017 Lacerte generated a 3805E and a CA Sch D-1.
Lacerte did not generate either forms for 2018.
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Level 15
@Intuit BettyJo could maybe get some feedback from Lacerte
Income tax returns are the most imaginative fiction being written today. — Herman Wouk
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Level 5

Looking at the instructions, it looks as though there are some minor changes that affect the reporting of this form.  Take a look at the General Info and Purpose section.  If your property still applies, you'll need to reach out to support so an agent can take a look at your scenario and determine if additional input is required, or if a possible issue exists.

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