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Level 1
posted May 21, 2024 7:58:53 AM

Sold some stock as a nonresident in California. What do I do with Schedule D (540) that was generated?

I worked in CA for 10 days in 2023.  During the year, I also sold some stock (which was not affiliated with CA sources).

 

I do not understand why TurboTax Desktop 2023 generated a Schedule D (540).  On the form itself, it says "Do not complete this schedule if all of your California gains (losses) are the same as your federal gains (losses)."

 

Can I delete this form?


Or is the correct way to do this is to go to the Miscellaneous -> Other adjustments to income section?  (To remove the capital gain/loss)

0 1 35883
1 Replies
Level 15
May 23, 2024 7:29:46 AM

If the program generated a CA Schedule D (540), then it "thinks" that you're a California resident.  A non-resident or part-year resident would have received a Schedule D (540NR).

https://www.ftb.ca.gov/forms/2023/2023-540nr-d.pdf

 

This suggests that you may not have answered the state residence questions correctly in the Personal Info section of TT.