@JotikaT2 Using line 8 verbatim from CA 2022 Schedule D as a 'California Capital Loss Carry over' entry for 2023 TT doesn't make sense to me.
My line 8 (from CA 2022 Schedule D) is -$38,813.
Line 9 is asking to choose the minimum of line 8 and -$3,000 (for MFJ).
Line 11 hence shows -$3,000 (from CA 2022 Schedule D)
This means that a loss of $3,000 out of $38,813 was already booked as loss in CA 2022. So carried over amount should be $38,813 - $3,000 =$35,813.
For me, $35,813 is exactly equal to the Capital Loss carry over amount that shows up in my federal return as well (since I don't have any capital losses that are treated differently for CA).
Hence, I don't think using line 8 of CA 2022 Schedule D as a 'California Capital Loss Carry over' entry for 2023 TT is the correct thing to do. We should be carrying over line 8 - $3,000 (for MFJ) instead.
After entering $35,813 as my Capital Loss Carryover in my 2023 CA, I checked the 2023 CA Schedule D (540) and I can see correct entries:
Line 10 (Federal) matches Line 11 (CA) (both showing a gain of $5295 in my case)
And line 12a/12b is 0.
If I had incorrectly entered $38,813 instead, I would have seen the following on my 2023 CA Schedule D (540):
Line 10 (Federal): $5,295
Line 11 (CA): $2,295 (i.e. $3000 less than Federal)
And line 12a would be $3,000....meaning that I am showing $3,000 additional loss for CA, which doesn't make any sense.
