1102721
Moved to CA in early 2019. In my state return I am being asked to enter my California capital loss carryover. I have a capital loss carryover on my federal from last year(from stocks), is this the same number I put down for California? Or does this need to be some type of capital loss specifically in CA?
You'll need to sign in or create an account to connect with an expert.
You have to recalculate your California capital loss carryforward if you were a nonresident of California for any years that generated a portion of the loss.
Line 6 – 2018 California Capital Loss Carryover
If you were a resident of California for all prior years, enter your California capital loss carryover from 2018. However, if you were a nonresident of California during any taxable year that generated a portion of your 2018 capital loss carryover, recalculate your 2018 capital loss carryover as if you resided in California for all prior years. Get FTB Pub. 1100, Taxation of Nonresidents and Individuals Who Change Residency, for more information. Enter your California capital loss carryover amount from 2018 on line 6.(From the 2019 California Schedule D Instructions)
2019 California Schedule D Instructions
All my schedule D loss are in CA. Is the Schedule D schedule loss carryover the same for Fed and CA for tax year 2017? Line 6 on CA schedule D on 2016 form is different than what shown in the QA. See 2016 CA schedule D line 6 below (cut-n-paste)
6 California capital loss carryover from 2015, if any. See instructions.
7 Total 2016 loss. Add line 5 and line 6 .
8 Combine line 4 and line 7. If a loss, go to line 9. If a gain, go to line 10 . .
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Lukas1994
Level 2
rawalls18
New Member
elgato81
Level 2
ajahearn
Level 1
matto1
Level 2