Form 3840

All depreciation and amortization information transfers directly to the CA3840 screen from the asset module for like-kind exchange transactions that are 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 of California. A unit of Form 3840 calculates only when the Real property, or both Real property and Personal property fields, are marked.
note
  • You must enter the situs of the
    exchanged
    asset and enter California as the situs of the
    original
    asset before exiting the Disposal tab in order for the CA3840 screen to populate.
  • If a unit of the CA3840 screen does not carry forward, it is because only real property has a Form 3840 reporting requirement. Personal property may be included with real property.

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