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Returning Member
posted Jun 9, 2021 5:59:25 PM

Line 7b form CA 540 how does one get that value?

I am trying to verify a proposed assessment penalty

0 5 508
5 Replies
Level 15
Jun 9, 2021 6:16:05 PM

The CA 540 form does not have a line 7b.   Line 7 is your exemptions.

Level 15
Jun 9, 2021 6:39:24 PM

There is a line 7B on CA (540) for capital gains

https://www.ftb.ca.gov/forms/2020/2020-540-ca.pdf 

 

Is that what you need?

Returning Member
Jun 10, 2021 12:09:06 PM

2017 CA 540 does have an item 7b or at least mine does.  I just need to know how that value got there coming from turbo tax.

Level 15
Jun 10, 2021 12:46:10 PM


@jptradellc wrote:

2017 CA 540 does have an item 7b or at least mine does.  I just need to know how that value got there coming from turbo tax.


I think you are referring to Schedule CA and not the 540 form.

 

The Schedule CA line 7b is the total of lines 1 to 14 on the "California Wage, IRA and Pensions Adjustments" form.    You would need to look at that form to see where it came form.

 

 

Level 15
Jun 10, 2021 4:43:05 PM