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New Member
posted Jun 30, 2020 8:08:01 AM

Carry forward losses in my CA is less than my Federal amount how that happened?

Hello and thank you for giving me a feedback. I am a CA resident and I noticed my carry forward losses in CA and Federal are different amounts? Unfortunatley I don't have the forms but at some point they were the same. It was all done properly so it's not an error. What causes the numbers be lower in my CA return? FYI I received a distribution of stock sales in CA corporation? Does that effect CA Carry forward losses somehow to be different with Federal? Thank you

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1 Replies
Employee Tax Expert
Jun 30, 2020 2:41:41 PM

It depends.

 

Unfortunately, the only way to confirm the amount of your carryforward losses utilized in prior years would be to look at each of the prior year federal and state tax returns.  

 

You can request a copy of your prior year tax returns by either logging into your TurboTax account or requesting a transcript from the IRS using the links below.

 

Accessing prior year returns in TurboTax

 

Requesting copies of prior returns from the IRS

 

Requesting copies of prior year CA state tax returns