Level 4

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Can't generate a CA form 3840

Forum|Forum|5 years ago
February 28, 2021
3 replies
29 views

I'm trying to generate a California form 3840 but can't get the program to give it to me. I've filled in all the information (I think) in the California Like-Kind section of depreciation but nothing.

Any help would be greatly appreciated.

Dennis McFerran

RTRP, San Jose, CA

Lacerte Tax

This topic has been closed for replies.

Best answer by

Hopefully these steps give some clarity. Make sure the 8824 is already generating with the federal return and that you have the Step 5 box checked.

____
"How do you Generate Form 3840 for a California Like Kind Exchange

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"

George4Tacks

Level 15

Is there any CA income, or is this someone that moved out of state and needs to file the 3840?

Did you complete Screen 55 to complete the 540NR?

Answers are easy. Questions are hard!

D

dlmcferranAuthor

Level 4

This is a full year CA resident who did a 1031 selling a CA property and acquiring 6 properties. One of these was CA and the balance were out of State properties

540NR is not an issue.

Dennis McFerran

abctax55

Level 15

*Maybe* has to do with the fact the instructions aren't available on the FTB website?

Lacerte often uses that as an excuse for the forms being 'unavailable'.

HumanKind... Be Both

C

Cheryl3

Level 3

Was anyone ever able to generate the initial Form 3840 in Lacerte? I'm having the same problem on CA Form 568. Have tried multiple times, multiple ways... any help here?

Z

zoe

Level 2

Did you finally resolve this problem? I'm also trying to generate a initial Form 3840 in Lacert...

abctax55

Level 15

Try Screen 57.017, last choice under St. Other on the left side.

HumanKind... Be Both

A

Anonymous

Answer

Hopefully these steps give some clarity. Make sure the 8824 is already generating with the federal return and that you have the Step 5 box checked.

____
"How do you Generate Form 3840 for a California Like Kind Exchange

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"

Hopefully these steps give some clarity. Make sure the 8824 is already generating with the federal return and that you have the Step 5 box checked.

____"How do you Generate Form 3840 for a California Like Kind Exchange

Hopefully these steps give some clarity. Make sure the 8824 is already generating with the federal return and that you have the Step 5 box checked.

____"How do you Generate Form 3840 for a California Like Kind Exchange

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"How do you Generate Form 3840 for a California Like Kind Exchange

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"How do you Generate Form 3840 for a California Like Kind Exchange