Schedule D (Form 540) - California Capital Gain Or Loss Adjustment - 2013 Page 4
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4Other adjustments may apply differently to the federal and California
For example:
basis of your capital assets. Figure the original basis of your asset using
Loss on line 10 is more than loss on line 11.
the California law in effect when the asset was acquired, and adjust it
Federal loss on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . . .($2,000)
according to provisions of California law in effect during the period of
California loss on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . . .($1,000)
your ownership.
Difference between line 11 and line 10 . . . . . . . . . . . . . . . . . . $1,000
Loss on line 10 and gain on line 11.
Line 2 – Net Gain or (Loss) Shown on California Schedule(s) K-1 (100S,
Federal loss on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . . .($2,000)
541, 565, and 568). Combine gain(s) and loss(es) from all California
California gain on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000
Schedule(s) K-1 (100S, 541, 565, and 568), Share of Income, Deductions,
Difference between line 10 and line 11 . . . . . . . . . . . . . . . . . . $7,000
Credits, etc. See California Schedule K-1 (100S, 541, 565, and 568)
instructions for more information on capital gains and losses. Enter the net
California Capital Loss Carryover Worksheet
loss on line 2, column (d), or the net gain on line 2, column (e).
1. Loss from Schedule D (540), line 11, stated as a
Line 3 – Capital Gain Distributions. If you receive federal Form 2439,
positive number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 _________
Notice to Shareholder of Undistributed Long-Term Capital Gains, from a
2. Amount from Form 540, line 17 . . . . . . . . . . . . . . . . . 2 _________
mutual fund, do not include the undistributed capital gain dividends on
3. Amount from Form 540, line 18 . . . . . . . . . . . . . . . . . 3 _________
Schedule D (540). If you receive federal Form 1099-DIV, Dividends and
4. Subtract line 3 from line 2. If less than zero, enter
Distributions, enter the amount of distributed capital gain dividends.
as a negative amount. . . . . . . . . . . . . . . . . . . . . . . . . . 4 _________
Line 6 – 2012 California Capital Loss Carryover. If you were a resident
5. Combine line 1 and line 4. If less than zero,
of California for all prior years, enter your California capital loss carryover
enter -0-. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 _________
from 2012. However, if you were a nonresident of California during any
6. Loss from Schedule D (540), line 8 . . . . . . . . . . . . . . . 6 _________
taxable year that generated a portion of your 2012 capital loss carryover,
7. Enter the smaller of line 1 or line 5 . . . . . . . . . . . . . . . 7 _________
recalculate your 2012 capital loss carryover as if you resided in California
for all prior years. Get FTB Pub. 1100, Taxation of Nonresidents and
8. Subtract line 7 from line 6. This is your capital loss
carryover to 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 _________
Individuals Who Change Residency, for more information. Enter your
California capital loss carryover amount from 2012 on line 6.
Line 8 – Net Gain or Loss. If the amount on line 4 is more than the
amount on line 7, subtract line 7 from line 4. Enter the difference as a
gain on line 8.
If the amount on line 7 is more than the amount on line 4, subtract line 4
from line 7 and enter the difference as a negative amount on line 8.
Use the worksheet on this page to figure your capital loss carryover to 2013.
Line 9 – If line 8 is a net capital loss, enter the smaller of the loss on line 8
or $3,000 ($1,500 if you are married or an RDP filing a separate return).
Line 12a – Compare the amounts entered on line 10 and line 11 to figure
the adjustment to enter on Schedule CA (540), line 13, column B.
For example:
Loss on line 10 is less than loss on line 11.
Federal loss on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . . .($1,000)
California loss on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . . .($2,000)
Difference between line 10 and line 11 . . . . . . . . . . . . . . . . . . $1,000
Gain on line 10 and loss on line 11.
Federal gain on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000
California loss on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . . .($3,000)
Difference between line 10 and line 11 . . . . . . . . . . . . . . . . . . $6,000
Line 12b – Compare the amounts on line 10 and 11 to figure the
adjustment to enter on Schedule CA (540), line 13, column C.
Page 2 Schedule D (540) Instructions 2013
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