CA capital loss carryover

Forum|Forum|1 year ago
March 20, 2025
1 reply
5 views

In Aug 2023, I moved out of CA permanently and relocated to Utah

For 2024, I am a full-time Utah resident

I am doing my 2024 CA tax return. It asks me to enter CA capital loss carryover.

Referring to 2023 CA capital loss carryover worksheet there are 2 parts

[I] Capital Loss Carryover Worksheet

[II] Capital Loss Caryyover Worksheet for Nonresidents and Part-Year Resident

Which one should I use to enter this CA capital loss carryover ??

TurboTax Home & Biz Windows

MarilynG

Level 15

Since you are filing a California return as a non-resident for 2024, use the worksheet for non-residents.

Here's more info on How to File a Non-Resident State Return and Why Would I File a Non-Resident Return.

@amyonghwee

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amyonghweeAuthor

Level 5

Sharing these info on what I found out and have done.

Refer to below post which explains even though I am CA full-time NR.. but the CA FTB tax forms treats as though you are full-time resident and then apply a ratio for non-residents in their C 540 tax forms.

https://ttlc.intuit.com/community/taxes/discussion/ca-and-ut-capital-gain-loss-incorrect-reporting/00/3583425

In my 2023 returns, turbotax has this 2023 CA capital loss carryover worksheet. There are 2 parts

[I] Capital Loss Carryover Worksheet

[II] Capital Loss Caryyover Worksheet for Nonresidents and Part-Year Resident

For 2024 turbotax returns, it will state 2023 federal capital loss carryover and then ask you to "enter CA capital loss carryover". Use the part I amounts. Later, Turbotax will specifically ask for the carryover as a non-resident part II amounts.