Form 3840 Part 111 How do I report 5 properties and allocate deferred gain?

plchiro · ‎June 7, 2019

2016 from 3840 Ca On Part 111 I can't find instructions for listing 5 properties and allocating deferred gain to each. Or do I list the total deferred gain in column D as a lump sum?

TerryA · ‎June 7, 2019

See the Form 3840 instructions here:

https://www.ftb.ca.gov/forms/2018/18-3840-instructions.shtml

For Part III line 10 it mentions what to do if there is more than one property.

Also, you should have as many copies of the form as you need to enter all of the properties received in the Schedule A's.

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Form 3840 Part 111 How do I report 5 properties and allocate deferred gain?

Business & farm