Question: Which form needs to be completed - and how often - regarding sales or exchanges in California consider like - kind under IRC Section 1

Which form needs to be completed - and how often - regarding sales or exchanges in California consider "like-kind" under IRC Section 1031?
Form 3840- At the time of exchange for the replacement property
Form 3893- At the time of the exchange for the replacement property
Form 3840- In the year of the exchange and annually until the replacement property is disposed of in a taxable sale
Form 3622- In the year of the exchange and annually until the replacement property is disposed of in a taxable sale

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!