Schedule D (540NR): California Capital Gain or Loss Adjustment (2024)
California · FTB · Used for tax years 2024
California Schedule D (540NR) calculates the 2024 California capital gain or loss adjustment. It reports property sales, gains or losses from California Schedules K-1, capital gain distributions, and California capital loss carryovers, then compares the California result with the
What you'll need
The form calls for these documents and details, as applicable:
- Your name as shown on your return and your SSN or ITIN.
- A description, sales price, and cost or other basis for each property reported on line 1.
- California Schedule(s) K-1 (100S, 541, 565, and 568) showing net gains or losses.
- Federal Form 1099-DIV, box 2a, for capital gain distributions.
- Your California capital loss carryover amount from 2023, if any.
- Federal Form 1040 or 1040-SR, line 7, for your federal gain or loss.
- Schedule CA (540NR), where you enter the adjustment calculated on line 12a or 12b.
Questions people ask
How do I calculate a gain or loss for property on line 1?
If the cost or other basis is more than the sales price, subtract the sales price from the basis and enter the loss in column (d). If the sales price is more than the basis, subtract the basis from the sales price and enter the gain in column (e).
Where do I enter a California capital loss carryover from 2023?
Enter it on line 6. Line 7 combines that carryover with the 2024 loss on line 5. The form directs you to see the instructions for line 6, but no instructions were provided here.
What amount goes on line 9 if line 8 shows a loss?
For 2024, line 9 asks for the smaller of the loss on line 8 or $3,000 ($1,500 if married/RDP filing separately). The form also directs you to see the instructions, which were not provided here.
Where do I enter the California adjustment?
Compare the federal gain or loss on line 10 with the California gain or loss on line 11. If line 10 is more than line 11, enter the difference on line 12a and Schedule CA (540NR), Part II, Section A, line 7, column B. If line 10 is less than line 11, enter the difference on line 12b and Schedule CA (540NR), Part II, Section A, line 7, column C.