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I am a 100% nonresident of CA, but have to file taxes there because my (self-employment) income is sourced there. In the "CA Business Income or Loss" section of CA's nonresident return, I have to put the amount sourced there. I don't know what number to put there because it's compared to the Adjusted federal income, and I only know gross income for CA and not what expenses to apply apportion where to get an adjusted CA income number.

I sold a primary home after living in it six years. the gain is well under the 250k profit exclusion amount; its approximately 60k yet turbo tax says I don't qualify for the exclusion. What is going on?

This is complicated or very simple - I owned a stock for a bank that was closed by the FDIC in 2010, then it traded OTC as a holding company until 2014, when if was officially delisted and defunct, but it still showed up in my TDA positions list so I was not aware OTC trading had stopped, therefore I never official "sold" it or had it declared abandoned, was just holding it until I needed a tax write off. I used TurboTax deluxe desktop version over the weekend to do my taxes, and after importing my Schwab 1099 that stock shows up as multiple sales on the date that old TDA account officially was transferred to Fidelity:       There are way more transactions that add up to $15k in losses for that stock - obviously I would love to be able to use them, but AFAIK you only have 7 years to amend past tax returns to take losses for a stock that went BK - so why does my Schwab 1099 show the sell date as 7/17/24? For those who have never transferred accounts to another broker, you can't transfer fractional shares so those shares get sold, and it appears Schwab did something similar for this delisted stocks stock. Since I never officially sold them does Schwab "cancelling" that stock give me back that $15k in losses I never took that I can now use as tax write offs? I mean the IRA has no clue I never sold them, and I have paperwork (the 1099) that shows they were sold last year. I have next to zero risk of an audit because I can't work due to health issues and my only income is SSDI, LTD benefits (both non-taxable since I'm not 65 yet), and dividends I get from stocks, plus interest from CDs and Fido's MMF SPAXX - I haven't had to pay taxes since I had to stop working, so I'm tempted to allow TurboTax to claim that capital loss, but the official sell date has me confused.   So to summarize, I believe I cannot take the tax loss Turbotax is offering because of the 7 year amended tax return rule and the fact that there was nothing really there for Schwab to sell or a way to sell it, but then again I have paperwork showing the sell date was 7/17/24, so can I carry over that loss or not?  

I filled out a return last year and I am trying to ascertain three things: (i) how I came to the annual depreciation for a property I own; (ii) how I came to the total depreciation so far; and (iii) how this year's Turbo Tax form should be managed. It seemed that this year's Turbo Tax form showed me last year's values and asked me to agree this was right. But let me leave issue (iii) aside for now. In terms of issues (i) and (ii). Researching the basic things again (based on my notes) it seems clear that I needed to ascertain basis and then using the 27.5 year approach and the mid-month approach remove percentage values of the full amount according to table A-6 from document p946, and page 72. The issue I have is that according to Turbo Tax my depreciation as calculated last year is about $10 different for each year from the amount this calculation gives me! What I'm wondering is the following ... is it possible that actually either (a) Turbo Tax takes the value information and the point you put the property in service and calculates the depreciation itself? or that (b) I consulted some IRS table which offers up the value of basis in a large number of intervals and then tells you the depreciation which applies? I can't see how otherwise I'd have ended up with these slightly different values. Regarding point (iii), if there is any straightforward way to clarify how Turbo Tax allows one to either make changes to or not the existing depreciation rate, and in particular whether on the usual screen that we see the user is needing to update the total depreciation for the property to reflect 2024's depreciation or not (I had the impression it was showing me the total depreciation inclusive of only 2023 and seeming to ask me to agree to that...), that would be useful.