California LKE

[taxmandan]

I'm trying to find information on Like-kind exchanges in California and I'm getting no where on the FTB website. Can anyone direct me to the pub. on this issue at FTB? Specifically have a client that traded Cali property for Oregon property and need the procedure for reporting it to Cali for an Oregon resident. Thanks,

Daniel

[Y2KEA]

The federal copy which accompanies the CA return will give FTB the info.

[Sue C]

See:

https://www.ftb.ca.gov/law/legis/13_...b92_061213.pdf and

https://www.ftb.ca.gov/individuals/1031_reporting_requirements.shtml

Gain is deferred in California until gain is recognized for federal purposes but there are new annual reporting requirements.

[Sue C]

Also see California Publication 1100, page 12.

[taxmandan]

Thanks everyone, I thought I had heard something about new reporting requirements, will check the references. The exchange occurred in May 2013 so it looks like the annual reporting requirements aren't applicable.