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Effective for transactions that occurred in tax year 2014 or later, California FTB requires taxpayers to report information regarding certain like-kind exchanges via Form 3840, California Like-Kind Exchanges.

For a like-kind transaction in which property was transferred, identified, or received in the current year, use Screen CA3840 in the applicable Business, Rent & Royalty, Farm, Farm Rental, K1 1065 1120S, K1 1041, Personal Sale, or Income & Adjustments folder.

To enter or report information for a like-kind exchange that occurred in a prior year, use Screen CA3840PY in the applicable folder.

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