In my Schedule E Wks CA forms it seems to not correctly bring in the carry forward active losses from prior years once the rental is sold. It seems that only this years loss is considered.
So the Active Summary Smart Work Sheet from last year shows the following:
This is this year's data:
I expected line G to be -59,030 and Line I would be -73,098.
Line A I expected to be -73,098 and line C to be 0.
Now I expect Form 1001 might explain why CA is not allowing the prior year carry forward FAL into this year, but I don't have access to it yet. I could see this happening if the prior years losses are always reducing my CA taxes, but I'm not finding the prior years losses in any of the other forms or there is some other exclusion in the 1001 form that I'm not aware of yet. It just isn't obvious how TT is handling it by looking at the worksheet and other forms.
