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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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- Re: CA 3840 is different from Fed 8824
CA 3840 is different from Fed 8824
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Strongsilence-C
Level 10
07-08-2024
03:06 PM
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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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Strongsilence-C
Level 10
07-08-2024
06:47 PM
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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.
Strongsilence-C
Level 10
07-09-2024
11:15 AM
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@IntuitGabi 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:: ]
