Screen CA3840 — California Like-Kind Exchanges Outside California (1065)

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Overview

Use this screen to enter asset information for Form 3840. All depreciation and amortization information transfers directly to the CA3840 screen from UltraTax CS asset module for like-kind exchange transactions reported on Form 8824. This screen is populated when the situs of the original asset is in California but the situs of the exchanged is outside California. A unit of Form 3840 calculates only when the
Real property
, or both the
Real property
and
Personal property
fields, are marked.

Schedule A

Properties given up
Enter detail about the properties given up and received in the statement. Enter the ownership percentage between 0 and 100%. For the address, either enter address, city, state, and ZIP Code or, if there's no street address, enter state, parcel number, and county.
Properties received
Enter the apportionment percentage for the year of exchange, between 0 and 100%. If you leave this field blank, UltraTax CS uses the apportionment percentage from Schedule R.

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