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Level 1
April 9, 2024
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how do I modify cost bais on CA form 3805E in Lacerte?

  • April 9, 2024
  • 1 reply
  • 6 views

I have an installment sale with basis difference from Fed to State; although State difference does not carry over to CA form 3805E.

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    Best answer by Intuit_Kallana

    Hi, you will use the State, if different field on the disposition screen 17.1 for the installment sale asset.  Please see the attached example.  Once all of the installment sale information is entered, this field will flow to Form 3805E, Line 8.  

    1 reply

    Intuit_Kallana
    Level 7
    April 9, 2024

    Hi, you will use the State, if different field on the disposition screen 17.1 for the installment sale asset.  Please see the attached example.  Once all of the installment sale information is entered, this field will flow to Form 3805E, Line 8.