turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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)

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
TomD8
Level 15

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

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.  

 

 

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies