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It's not actually reported on a line in your 2019 return.
The 2019 Capital Loss Carryover to 2020 is computed using a worksheet in the 2019 Instructions for California Schedule D (540), California Capital Gain or Loss Adjustment.
According to California Capital Loss Carryover Worksheet, you compute your carryover to 2020 by calculating the:
So can you update this to Tax Year 2021? I'm using TT2021.
The top of the page states:
"Let's get some info from your 2020 tax return"
At the bottom of the page it states:
"Now look at your California Form 540, Schedule D and enter your capital loss carryover, if any, as a positive amount."
Can you tell me which line from California Form 540, Schedule D I should use? Thanks!
Line 6 on Schedule D form shows the amount of California capital loss carryover from a prior year.
Thank you so much!
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