Thank you @GeorgeM777 for the quick reply. Sorry I need some further guidance
"Your attached statement should have all of your information about your properties, addresses, dates of exchange, etc. including how you arrived at the information you entered on lines 19 - 25. "
Q1. Is there specific format or form such statement must follow ? Do you happen to have an sample statement ?
Q2. In addition, can you confirm Turbotax can still calculate the correct tax filing after I entered lines 19-25 ?
"California is different in that it requires a separate Form 3840 for each exchange. "
I exchanged two single family houses for one single family house. Therefore I need two 3840 forms. I got that part. But
Q3. Can I create two 3840 forms in TurboTax for CA filing ? Is Turbox still working with two 3840 forms ?
Q4. If I can still use Turbotax for CA filing with two 3840 forms, do I need to split the value of received property between these two 3840 forms ? If so, how to split them ?
Thanks a lot and best regards !!!
