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Screen CAHome - California Sale of Home (1040)
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Overview
Use this screen to complete the federal Home Sale Worksheet with California amounts. Amounts that appear in the CAHome Screen are automatically transferred to this screen from the federal Home Screen. It is important that you report any state-related law differences and details in the CAHome Screen.
note
All federal Screen Home information transfers to UltraTax/1040-CA. All units are included in the calculations for total sources. For nonresident and part-year resident returns, only units with postal code
CA
are included in CA source calculations.Exclusion Information
Meet use and ownership test without exceptions / Depreciation claimed for periods after May 6, 1997
These fields transfer from UltraTax/1040. To indicate that a home sale does not meet California use and ownership test without exception, the
Meet use and ownership test without exceptions
field may be unmarked. To preserve the data transfer to this screen and indicate the California test was not met when the federal test was met, enter a State use code of 4
, Does not meet use and ownership tests: CA in the federal Home Screen.