Hi, I just realized I'm having the same issue with my state CA tax returns for 2022 and 2023. My Fed tax returns are correct with the shareholder basis worksheet filled in correctly but looks like Turbo Tax Desktop Business 2022 did not generate the CA shareholder basis worksheet, thus the beginning carryforward balance was incorrectly stated as $0 in 2023. A couple of questions here.
1) Do I need to amend my S Corp CA tax return in 2022 to include this Shareholder Stock Basis worksheet? I couldn't find this form or worksheet on the CA FTB website so I'm not even sure it's required in 2022 or 2023.
2) Can I just change the beginning carryforward on the S Corp CA 2024 tax return and not amend the previous state tax returns given it did not change any taxes due? My personal tax returns for Fed and State are all correct on form 7203.
Thank you very much for your help!
Joe
