I hadn't ever really thought about it before but CA isn't going to consider this an exchange since the property in another state, right?
CA still wants to track the exchange, even though the replacement is out state. If a complete 1031, then no tax due to CA in the year of sale. Annually TP needs to file 3840. If the out of state property sells at a gain, then CA wants their piece of the pie at that time. https://www.ftb.ca.gov/file/personal/reporting-like-kind-exchanges.html
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