If you are still working on the Federal return and saw an increased refund from a capital loss carryover but no change to California, it may be because you have no remaining California income or tax liability against which to apply the capital loss carryover. If you are filing a California resident return, the capital loss carryover would apply to your California return to the extent available.
When you've completed the Federal return, complete the California return interview and see if the refund monitor changes.
You can also preview your state return in TurboTax Online by following these steps:
How do view my state return?
- Sign in to your TurboTax account.
- Click on Tax Home.
- Scroll to bottom of page.
- Click on Add a State (we're not really going to add anything, we just need to be able to do the next step)
- Click on Tax tools (left menu)
- Click on Print Center.
- Click on Print, save or preview this year's return.
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