How to calculate Capital loss carryover for State (California) form 540NR line124?

[manerockz]

Hello,

I had a capital loss in 2022 and a Capital gain in 2023. I was able to find the numbers for the Federal  Capital loss carryover from Form Section D, but finding difficult to find the  Capital loss carryover for State (California) form 540NR. I have 2022 tax return documents, Please help me find the Capital loss carryover for the State (California)  calculation. 

[KrisD15 · Accepted solution]

If you used TurboTax last year, the loss for California is listed on your California Schedule D line 6.

If you did not use TurboTax, you will need to calculate the loss to carryover. 

Please look at last year's California CA Schedule D. If line 11 shows a gain, there is no loss to carryforward.

If there is a loss on line 11, use the following calculation from the California worksheet:

You compute your carryover to 2023 by calculating the numbers from your 2022 CA Schedule D:

1. Loss from Schedule D (540), line 11, stated as a positive number.
2. Amount from Form 540, line 17.
3. Amount from Form 540, line 18.
4. Subtract line 3 from line 2. If less than zero, enter as a negative amount.
5. Combine line 1 and line 4. If less than zero, enter -0-.
6. Loss from Schedule D (540), line 8.
7. Enter the smaller of line 1 or line 5.
8. Subtract line 7 from line 6. This is your capital loss carryover to 2023

[manerockz · Accepted solution]

Here is the Review error in TT. 

[KrisD15]

Please see answer posted above