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March 3, 2022
Question

CA 540 schedule CA, side 1, line 8a

  • March 3, 2022
  • 1 reply
  • 0 views

Confused on this line, it is showing the NOL from business as a positive amount, but on the federal form 1040 it is a negative amount; also how it shows when going through the software. I submitted my returns to the state already and despite TT showing me due a refund, the state is looking at this as added income and thus I owe to the state. Looking at my 2020 return the line shows the amount as a negative. So, can someone please clarify, and how to fix if needed. I can't edit the line in forms.

    1 reply

    jdubblepAuthor
    March 7, 2022

    Disregard post, I misunderstood the transfer of these things.