Hello-I have this same issue with reporting CA profit or loss for rental property as I have property in VA and CA.
As you stated Turbotax does show the Federal Adjustment amount (in my case -$17,755). You said to allocate the portion that is attributable to CA property. When I view these numbers on my Federal Sch E, I find my VA property had a positive (profit) while my CA property had a negative (loss). The total Federal Adjustment being shown is the sum of the two (VA profit, CA loss). It would seem I should deduct the VA profit from the Federal Adjustment amount, which will result in my entry being larger (-$25,258) than the Federal Adjustment amount. Am I viewing this correctly?
Thanks
Harold
