New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

See also: 1040 California frequently asked questions

Overview

Use this screen to enter information for like-kind exchange that occurred during a prior year. UltraTax CS proformas information to Screen CA3840PY from last year’s Screen CA3840 and Form 3840. If the taxpayer filed Form 3840 last year but UltraTax CS was not used to prepare last year’s return, use Edit > Add Unit (or Control + A) to add units of this screen.

Information on this screen is used for Form 3840. To print Form 3840 with the return, mark the Print Form 3840 checkbox.

All units of this screen proforma to next year regardless of whether or not you mark the Print Form 3840 field.

For like-kind transactions for which property was transferred, identified, or received in the current year, use Screen CA3840.

General Information

Designated as Final in Prior Year

City, State, ZIP Code

Parcel Number, County

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