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State tax filing
The California Capital Loss Carryover Worksheet can be opened by viewing forms and clicking on Open Form. Scroll down to Schedule D: California Capital Gain or Loss Adjustment. Expand that line by clicking on the + to the left of the line and the worksheet will be available.
The worksheet does not work for me without overriding each line, but that may be because I have no California Capital Loss Carryover. This was not apparent until I went through the calculations.
These same instructions are available at https://www.ftb.ca.gov/forms/2020/2020-540-d-instructions.html
California Capital Loss Carryover Worksheet
- Loss from Schedule D (540), line 11, stated as a positive number.
- Amount from Form 540, line 17.
- Amount from Form 540, line 18.
- Subtract line 3 from line 2. If less than zero, enter as a negative amount.
- Combine line 1 and line 4. If less than zero, enter -0-
- Loss from Schedule D (540), line 8.
- Enter the smaller of line 1 or line 5.
- Subtract line 7 from line 6. This is your capital loss carryover to 2021.
‎April 6, 2022
2:05 PM