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12-11-2024
05:01 PM
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I have a 1031 exchange from CA to another state. I filed the initial form 3840 and the annual form thereafter. The replacement property has sold and I know CA wants the tax on the deferred gain. When I click the Final FTB 3840 in Proseries, nothing happens and I cannot find any further instructions besides attaching a statement explaining how the property was disposed. Do we have to manually enter the data as a sale of business property on the CA return?
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