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What is the fix for CA Form 3840 Critical error

christenbrown26
Level 1

I'm getting an error that the CA Form 3840 Like-kind exchanges is not done correctly.  This error looks like an error in itself.  All information is correctly filled in.  How do I resolve this?

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1 Comment 1
George4Tacks
Level 15

?? Is this the 1st year of sale ?? 

 

  • 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" 

 


Here's wishing you many Happy Returns
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