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Level 3
posted Apr 11, 2024 2:12:54 PM

Enter any California capital loss carryover from 2022

I used turbotax for 2022. I want to calculate my capital loss carryover. Is what I'm doing below correct? 

Loss from Schedule D (540), line 11, stated as a positive number.  (-1 on form) 1

Amount from Form 540, line 17. 130,000

Amount from Form 540, line 18. 5,000

Subtract line 3 from line 2.If less than zero, enter as a negative amount. 125000

Combine line 1 and line 4. If less than zero, enter -0-. 125001

Loss from Schedule D (540), line 8. -1

Enter the smaller of line 1 or line 5. 1
Subtract line 7 from line 6. This is your capital loss carryover to 2023  (-1-1 =   ).   -2

Is my capital loss carryover -2?

0 3744
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