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Henry45
Returning Member

California- Rental loss carryover from 2022 being adjusted (added) in 2023

Hello,

 

I had carryover rental losses in 2022 ($1600).  The amount was added in 2023 in my federal return but $1600 is added back to my CA income.  So I'm not getting to carryover my loss in CA.

 

I had left the carryover as 0 in the CA section in TT.  So I entered in my 2022 losses this time.  Now there is an adjustment for a negative number for CA.  Should be no adjustment.  What do I do?

 

Thanks,

Henry 

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4 Replies
KrisD15
Employee Tax Expert

California- Rental loss carryover from 2022 being adjusted (added) in 2023

To clarify, was the loss also limited by 1,600 on your 2022 CA return? 

 

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Henry45
Returning Member

California- Rental loss carryover from 2022 being adjusted (added) in 2023

Hi KrisD,

 

In my CA 2022 return I see no addition or subtraction from the federal amounts of rental real estate.  The 1600 was carried over to 2023 Federal.  Is there a reason why it doesn't carry over for CA?

 

Thanks,

Henry

KrisD15
Employee Tax Expert

California- Rental loss carryover from 2022 being adjusted (added) in 2023

If the adjustment is taken on the Federal return, the California return needn't be adjusted because the California return starts with the Federal Adjusted Gross Income.

The Federal Adjusted Gross Income had the 1,600 adjustment already done. That adjustment doesn't need to be made a second time. 

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Henry45
Returning Member

California- Rental loss carryover from 2022 being adjusted (added) in 2023

Hi KrisD,

 

I don't know why TT for CA 2023 is adjusting the Federal rental income by adding +1600 back as income.  I'll go to the forms and manually make the change.

 

Thanks,

Henry

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