California state return: passive loss carryover

Forum|Forum|1 year ago
February 26, 2025
1 reply
0 views

I see when I go into CA "edit" reviewing my vacation rental, that there's a section to "Enter Passive and At-Risk Loss Carryovers". Do I need to manually enter in anything from my Federal returns on Schedule E/D? Is there a reason it wouldn't auto fill it out for me? I had a loss of about $20K after deducting expenses. When I do go into the current CA schedule E form view, I do see loss already there... So seems there's a section for "Federal/CA adjustment smart worksheet".

The screen shows empty cells for regular tax and AMT in the interview view, for Schedule E/D/D-1.

Are there considerations on what I may be able to adjust for CA filing section as well?

Ask the Experts - Vacation - Feb 2025

MAK70

You are correct that the amounts on the Worksheet are computed from the amounts transferred from the federal return, so you do not have to enter unless they would be different from what you reported on the federal return. If there were any adjustments, you could enter them here, but I am not aware of any.