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April 1, 2025
Question

CA 540 NR Part 2 Line 5 - Enter profit or loss from rents

  • April 1, 2025
  • 1 reply
  • 0 views

HELP!!!

 

I had passive losses (-7570) for my CA Rental.  I moved to different state in March 24.  Fed amount is 0 and can't change.  But TT left the Ca amount value to be filled in.  If i enter -7570 my refund grows.  I don't think that is correct.  should I enter 0 cuz fed is zero.  I make over 150K so i am not entitled to a passive loss to my income.  Also why wouldn't this value just flow down from Fed form?

 

The form does says enter profit or loss from rental tho.  So very confused.

    1 reply

    April 7, 2025

    Yes, the correct amount is zero because California follows the federal in not allowing the loss.