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Deductions & credits
Hi GeorgeM777,
Thank you for your response/posts.
Your insightful comments helped out quite a bit.
However, my original question had to do more with the 2021 Turbotax software and the instructions asking the question shown in the first/top screenshot:
"Now look at your (2020) California Form 540, Schedule D and enter your capital loss carryover, if any, as a positive amount.
California Capital Carryover ______________"
2021 Turbotax says I have to refer back to my 2020 California Form 540, Schedule D to get a figure to enter in my 2021 interview, but I does not indicate where/which line from the 2020 California Form 540, Schedule D to use...
My last statement/comment inquiry in my original post states:
"Should I enter 8,206 or 5,206?
If you notice, my original post has two screenshots, the first one is from the 2021 Turbotax interview which is asking info from my 2020 tax return.
The second screenshot is a snapshot of my 2020 CA Form, Schedule D showing the info from my 2020 CA Tax form which I'm being asked to refer to by Turbotax while trying to complete my 2021 Tax Form.
I realize my post could be a bit confusing, but perhaps you could take a second look at my original post from beginning to end to get a better picture of what I'm trying to get help with.
I don't mean to be rude or condescending, just trying to clarify my point/inquiry.
Sorry about this long post/explanation. Thanks for all your help.