CA Form 540 Schedule D and Capital Loss Carryover Worksheet

Forum|Forum|1 year ago
February 27, 2025
1 reply
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2023 I had a small cap gain and used some carryover loss from 2022. My 2023 Fed return had a 1040 Sch. D and CA Sch. D plus the Capital Loss Carryover Worksheet.

My 2024 had enough cap gain to used up all my carryover loss with a small cap gain as income. Carryover loss to 2025 is now zero.

My 2024 Fed return has a 1040 Sch. D however CA state is not generating a Form 540 Sch. D with Capital Loss Carryover Worksheet like previous year. I expect to see the 540 Sch. D since there is a small gain in 2024. Also thought I would get the Carryover Worksheet even the carryover is zero. Both forms are not generated for some reason.

Questions...(1) why are these forms not generated and (2) with my Form 540 submitting to IRS, there should be a copy of 1040 attached which has a 1040 Sch. D. Is it ok to just submit as is?

Thank you!!!

KeshaH

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