Hi DaveF1006,
Thank you for taking the time to try help me. I appreciate you!
However, after printing out my last few returns and tracing a lot of figures across the forms and also from one tax year to the next, I've come to a different conclusion and also determined a few things.
I'm offering them here for you and others who may have similar questions:
- Line 8 of the 2018 Schedule D (540) "California Captial Gain or Loss Adjustment" form does shows my net loss for 2018 for CA tax purposes. But, this is not the amount that carried forward to 2019, so it is not the correct amount to use for my 2019 taxes.
- This is because I was able to fully use (exhaust) that net loss in my 2018 taxes since the loss was under $3,000.
- Therefore, I had zero loss to carry forward to 2019.
- This can also been seen on line 9 of the same 2018 Schedule D (540) since the amount entered is my net loss for 2018 (option "a") instead of the max of $3,000 (or $1,500 if married/RDP filing separate) (option "b"). In other words, I didn't max out my net loss and was able to fully deduct all of it in 2018 -- leaving no part of the loss left over to carry over to 2019.
- Although I thought it was likely that I had a loss carry-over from 2018 for 2019, it turns out that I do not.
Good luck to everyone on your taxes!
Thank you,
Stephen
