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In Proseries, I posted the sale of the replacement property (non-CA) and want to release the deferred gain on the relinquished property (in CA) on the CA return...
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Bob,I appreciate your responses. I should be able to allocate only the deferred gains to CA. CA doesn't make anything easy. If your payment is more than $10,000...
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My bad. There are gains on the replacement property sold. So these gains would release the CA deferred gains on the relinquished property? I wanted to keep the ...
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Lisa,There are no capital gains on the federal since the property was exchanged in a prior year. You can file the 3840 by itself if a CA tax return is not requi...
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I have a 1031 exchange from CA to another state. I filed the initial form 3840 and the annual form thereafter. The replacement property has sold and I know CA w...