MNYL
Level 3

2023 Capital Loss Carryover for CA State Tax - how to enter in 2024

Hi All,

 

CA Form 540 Schedule D, Line 6 is blank on Turbo Tax, it didn't transfer from 2023 and ask to enter "capital loss carryover".  Some post mentioned to use the 2023 CA Capital Gain or Loss Adjustment in Schedule D's line #8 and minus $3000, which ended up is the same number as the capital loss of federal return.   But the way some post experts said to calculate using 2023's CA 540 & Schedule D, which ended up to be the same number as Schedule D's Line #8 ($3000 more on capital loss carryover than the Federal return).  

 

Please kindly confirm as I am not sure which is the correct number to put on 2024 tax return.  I need to submit asap before 4/15/25 due date.   Many thanks for everyone's assistance!!