TurboTax 2018 is generating a California D-540 - which says at the top of the form "Do not complete this schedule if all your California gains (or losses) are the same as your federal gains (losses). As far as I can tell, they are. In particular, D-540 lines 12a & 12b are both 0, and no Schedule CA (540) is being generated. Why is TurboTax spitting out this form in the "print return to mail" printout if it's unnecessary? Should I remove it from my return before sending, or am I misunderstanding its purpose?
There is also a force print checkbox at the bottom of the Smart Wks at the top of the form.
That would make sense when a doing save/print "for your records," but as mentioned, this was a printout of the forms for mailing/filing. So is this required to actually be mailed (contrary to what it seems to say on the form itself), or am I misunderstanding the instructions, or is this just a TurboTax bug (it should've printed it "for records," but NOT "for mailing to CA FTB," as it did)?
>>There is also a force print checkbox at the bottom of the Smart Wks at the top of the form.
"Should I remove it from my return before sending?"
This printing of the Sch D when line 8 is negative is because many TT users over the years have asked how to compute their Calif capital loss carryforward when the amount wasn't available from their prior year return. That can't be done without seeing the prior year Sch D.
So it's a convenience for the users but can cause questions for astute users like you.
Thanks for the answers 🙂