MonikaK1
Expert Alumni

State tax filing

The Federal and California carryovers may not be the same and are tracked separately. The amount on Line 8 of the California Capital Loss Carryover Worksheet is what you would input if the amount didn't carry over automatically from last year. 

See this thread for another discussion of the issue. 

California Capital Loss Carryover Worksheet For Full-Year Residents - Instructions for 2022:

  1. Loss from Schedule D (540NR), line 11, stated as a positive number.
  2. Amount from Form 540NR, line 17
  3. Amount from Form 540NR, line 18.
  4. Subtract line 3 from line 2. If less than zero, enter as a negative amount.
  5. Combine line 1 and line 4. If less than zero, enter -0-.
  6. Enter loss from Schedule D (540NR), line 8 as a positive number.
  7. Enter the smaller of line 1 or line 5.
  8. Subtract line 7 from line 6. This is your capital loss carryover to 2023.

 

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