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Does California allow the ferderal $3000 Capital Loss carryover?

    California has the same capital loss carryover rules as federal, but the California program doesn't use the federal c/o amount because it is very often different. You have to enter your California capital loss c/o.

    You can get there from the Topic List : Adjustments to Income -> Wages, Salaries, Tips, Etc. -> 2010 California Information.

    To compute your 2010 California capital loss c/o to 2011, use the worksheet on page 2 of the 2010 Calif Sch D instructions here:
    https://www.ftb.ca.gov/forms/2010/10_540d.pdf
    • I CAN'T GET A STRAIGHTFORWARD ANSWER TO THIS QUESTION! VERY FRUSTRATING!!!