David I am doing MFJ for both Federal and CA. For CA, it asks you "what is your CA income" so I only included my W2 and not my wife's, so that's excluded. I am counting 50% of the dividends as CA income to be safe. I am very confused by this screen "Allocating Capital Loss Carryover"
We have a federal loss carryover of $20K. It is all related to stocks/bonds and were generated outside of CA.
The screen asks:
- Prior year carryover loss as if CA resident for all prior years
- Prior year carryover loss as if CA nonresident for all prior years
What should I put in each of them? it's $20K in both? @DavidD66
