I have a short term loss carryover from sale of securities on my 1040 but TurboTax seems to bring over only the long term loss when calculating my CA gains and losses and I end up with a gain on the 540. Can I assume I did something wrong somewhere in the program and manually plug in the gains and losses from Schedule D of the 1040?
California does differentiate between short and long term capital gains/losses.To get the correct carryover, you'll need to take a closer look at your 2011 CA tax return. It's not unheard of for the CA carryover to be something other than the total of the Federal ST and LT carryovers.--Peter
Then I've been robbed! Thank you for the heads up.
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