JohnB5677
Expert Alumni

State tax filing

@dkaemmerer You were correct.

 

The description of line (1) is "If you were a nonresident of California during any taxable year that generated a portion of your 2020 capital loss carryover, recalculate your 2020 capital loss carryover as if you resided in California for all prior years."  This is stated to be $20K. 

See line 6 California Capital Gain or Loss Adjustment

 

Line (2) states Prior Year Carryover Loss as if CA Nonresident for All Prior Years. In this case, you were a non-resident for the entire time that you incurred the loss.  so you would again enter $20K.

 

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