Taxlady16
Level 1
04-01-2022
09:52 PM
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A California 1031 exchange with exchange property out of state property.
Now the out of state property (gain was deferred) has been sold.
If I am correct only the deferred gain is taxable to CA.
Anyone do this before? Having trouble getting CA to balance since the gain is not the same
as federal .
Tried using state if different and then the M-1 adjustment. Just not working.
any suggestions?
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