Hello,
For my California tax return, 2019 TurboTax Premier asks me "If you have a California capital loss carryover from a prior year, enter the amounts below.” It has entry fields for both the “Capital Loss Carryover" and the “AMT Capital Loss Carryover”. Exactly where (form and line number, please) in my 2018 California state return should I find this information? The screen provides zero guidance or additional information.
When I flip over to the form view for this, it shows the “California Carryover Worksheet” for 2019 and highlights line 9a which is in the “Loss Carryovers (non-passive)” section of the form. Surprisingly, TurboTax did not auto-populate these fields, even though I’ve used TurboTax for years and imported last year’s return data as usual. Seems like a bug. My software is fully updated.
I may very well have a carryover. So, I’ve looked around and found two possible info source candidates: One is line 9a from my 2018 “California Carryover Worksheet”. Another is line 8 from my 2018 “Schedule D (540) California Capital Gain or Loss Adjustment”. However, the figures are very different, and I’m not sure if either or which is the correct figure to use.
In case it matters, I was a resident of California for all of 2018, and any carry-over is from year(s) in which I was a California resident the entire year. Also, I itemized last year.
Thank you,
Stephen
