How do I find the California Capital Loss Carryover Amount?

You won’t find the actual amount anywhere – it’s not reported on a separate line of your 2020 California return. 

You’ll actually need to calculate this amount yourself.  

The 2020 Capital Loss Carryover to 2021 is computed using the California Capital Loss Carryover Worksheet in the 2020 Instructions for California Schedule D (540). 

You compute your carryover to 2021 by calculating the:

1. Loss from Schedule D (540), line 11, stated as a positive number.
2. Amount from Form 540, line 17.
3. Amount from Form 540, line 18.
4. Subtract line 3 from line 2. If less than zero, enter as a negative amount.
5. Combine line 1 and line 4. If less than zero, enter -0-.
6. Loss from Schedule D (540), line 8.
7. Enter the smaller of line 1 or line 5.
8. Subtract line 7 from line 6. This is your capital loss carryover to 2021.

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