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Thanks for your guidance!
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Thank you Bob. I agree with you. We will code it to MA instead of CA for the new exchanged property.
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We haven't found any MA accountant to resolve this yet. Based on our research, there shouldn't be any capital gain in MA as well since the new 1031 property has...
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Thank your George. We did all the coding correctly. The only thing change the result is that if we change the new property state to MA, the capital gain will be...
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Our client is a California resident. He has aMassachusetts rental property and 1031 exchanged to a CA rental property with higher FMV. He shouldn't owe any capi...
