Note: Screen numbers below are based on the Individual Tax module.
After the initial filing year, Lacerte will proforma the California information to Screen 57.019, until the final Form 3840 is filed. If this is the year the asset is being exchanged, use Screen 22 Depreciation (4562) to generate Form 3840.
- Select the asset located in CA being exchanged
- Scroll down to the Like Kind Exchanges (8824) section
- Utilize either the Like Kind Exchange Wizard or the input in the section to enter the information
- Scroll to the California Like Kind Exchanges (3840) section
- Check the box labeled Exchanged like-kind property located in California for property located outside California (MANDATORY)
- Input any additional information related to the CA exchange"