I became a CA resident in 2014. For my 2016 return, I had no capital loss carryover, but incurred a large capital loss in 2016 (let's say 15K). For 2017, I have a capital loss carryover (let's say 12K). Mid-2017, I moved to another state. I am filing a part-year resident return for CA.
TT asks me these two questions: (1) Prior Year Carryover Loss as if CA Resident for All Prior Years, (2) Prior Year Carryover Loss as if CA Nonresident for All Prior Years.
For question 1, TT automatically added a figure (the 12K). For question 2, TT wants me to put the answer in. I think that because I had no carryover going into 2016, the answer is zero. But, I'm not sure.
Thanks!
You'll need to sign in or create an account to connect with an expert.
Question 2 is asking for your net carryover loss from property located in Calif - real estate, etc. Those would count on your Calif nonresident return while gain/loss on sale of things like stock wouldn't.
Question 2 is asking for your net carryover loss from property located in Calif - real estate, etc. Those would count on your Calif nonresident return while gain/loss on sale of things like stock wouldn't.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
vissible23-
New Member
daddykinz27
New Member
Naturepunk
New Member
maharshipatelus
Level 1
RMcCown
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.