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Thanks. I have a different question which I didn't get an answer from the forum.
Maybe you have an insight on it.
It is about 2022 California Capital Loss Carryover: On my 2021 Return last year. On D(540) - It was blank. On Line 6 . Line 3 &4 are $1,885, Line 5&7 (5,841), Line 8 is -$3956, Line 9, 10 &11 are -$3000 .
But on my California Capital Loss Carryover WorkSheet , Line 6 is $3,960, line 7 is $3,000 and line 8 is $960. So Line 8 "This is your capital loss carry to 2022. Why was it not transfer to D(540)?
On my D(1040): Line 7 = -$5,841, Line 12=+$1,855, Line 16 = - $3,956 and Line 21 = (3,000).
Should I entered $956 for my California 2022 CarryOver based on the 2021 worksheet? Will I get audit for that?
March 22, 2023
8:09 AM