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    CA 3840 is different from Fed 8824

    strongsilence
    Level 11

    The amounts for each form are different. How do I get separate amounts for each?

     

    (See other thread from last week for the reasons.)

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    2 Comments 2
    strongsilence
    Level 11

    400K of boot is not taxable for Fed but it is taxable for CA.  So, California tax basis of the acquired assets needs to be higher than Federal tax basis by 400K.  But the Calif Form 3840 input fields don't allow different amounts from Federal.

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    strongsilence
    Level 11

    @Anonymous Hi Gabi

    Diana assisted me yesterday afternoon at 4:30 p.m., and said she would send me a performance review survey.  I didn't get it.  Could you try to reach out and let her know.

     

    This info might be useful:

    Case: 15120534383 IVA HelpWithReturn_Plus [ thread::SrG8N3mddFmYQg6W2iOpc1o:: ]