1102721
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

hiya2266
New Member

Is CA capital loss carryover different from federal ?

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?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
KarenJ2
Expert Alumni

Is CA capital loss carryover different from federal ?

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

 

California FTB Pub 1100

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Is CA capital loss carryover different from federal ?

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 . .

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question