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like kind exchange x
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  • taxmandan
    started a topic California LKE
    in Main Forum / Tax Discussion

    California LKE

    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
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  • LindaK
    started a topic Life estate basis
    in Main Forum / Tax Discussion

    Life estate basis

    I plan to talk to the attorney regarding this but want to understand as much as possible before I do.

    In 2008, my client and her sister became owners of remainder interest in farmland (Property A) from their parents. In 2010 (both parents still alive) the sisters bought out the value of the life-estate (calculated with value of land...
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