danman
Returning Member

2019 California 540 Schedule CA and D Capital Gain or Loss Adjustment due to rounding

In the past my California 540 Schedule CA entry for Capital gains always showed that there was no adjustments from the federal amounts. This year for the first time it showed a difference of $13. Also did this cause schedule D to be printed. In order to find out what caused the difference I compared the entries of schedule D with the federal Schedule D and 8949. I found that the entires are exactly the same just that TurboTax rounds the sales price and basis for each transaction on schedule D whereas it does not round them on the federal schedules. That caused the $13 difference in my case. I verified thatIn the previous year TurboTax did not round the individual transactions on California Schedule D line 1 but only the totals on the lines below (which makes much more sense).

 

I don't see anywhere in the California instructions for schedule D that the individual entries should be rounded this year. Is this a bug in the software that causes the rounding? I don't think that it's indented that a difference in capital gains to be listed on schedule CA that is entirely based on TurboTax rounding differently.