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Form FTB 3840 letters going out

Beginning in late December 2018 through February 2019, the FTB will mail letters to taxpayers who for the 2016 tax year either failed to file or filed an incomplete Form FTB 3840, California Like-Kind Exchanges. The letters request that taxpayers file Form FTB 3840 to include California-specific details.

California requires taxpayers to file Form FTB 3840 when they exchange real property located in California for like-kind property located outside of California. This requirement began with tax years beginning on or after January 1, 2014.