2051801
The following diagnostic is generating:
Disposition # {PrefixNum} : Under the newly enacted "Tax Cuts and Jobs Act", like kind exchanges completed after December 31, 2017 are limited to exchanges of real property that is not primarily held for resale. This disposition does not qualify for like kind exchange treatment at the federal level, but California does not currently conform to this federal provision. To generate a Like Kind exchange for the California return, make an entry in "Calculate like kind exchange for TCJA nonconforming states (state only copy)" for the appropriate property in Dispositions input screen.
