Ok, my concern was more on what TurboTax was showing me as my CA state refund, which was really high due to the carryover. I understand that for CA I'm limited to just $2500 per year, but then why does TurboTax show my total CA tax refund to be about the same value as my total carry over, which was in the tens of thousands?
Definitely appreciate you taking the time to answer my question, Dave. To be honest I didn't think anyone would answer so I ended up submitting my taxes and hoping TurboTax did it right. If I end up getting that full tax refund amount this year and no complaints from the government then that's cool. Otherwise I'll have to address it later if the government wants that money back, and I'll have to complain to TurboTax somehow for getting my CA tax wrong.
