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Your California loss would only differ if you have a state specific adjustment between your federal return, and the amounts allocated between Georgia and California.  I suggest reviewing the entries on your federal return first to make sure you do not have any other amounts entered that could be flowing into your California return.  You may also need to review the input in your Georgia return to ensure it only reports the Georgia portion of the loss. The remaining amount would then be allocated to California.

As far as the Schedule M-1, if you meet the requirements, there is an option to not complete the reconciliation and still be able to file your state return if you meet the requirements as listed in the instructions.  

If you do meet these requirements, go through your federal interview section again.  Click on the Balance Sheet tab.  Proceed through the screens and if you qualify, you will see a screen that says "Good News."  If you meet the requirements, select the circle to the left of Yes, I want to skip the balance sheet section.  

This should allow you to continue with your return and e-file as long as there are no other items needing correction.