Schedule D (540NR): California Capital Gain or Loss Adjustment (2025)
California · FTB · Used for tax years 2025
California Schedule D (540NR) calculates your 2025 California capital gain or loss and the adjustment to your federal amount. It includes property sales, gains or losses from California Schedules K-1, capital gain distributions, and California capital loss carryovers from 2024.
What you'll need
Have these forms and details available, as applicable:
- Your name as shown on your return and your SSN or ITIN.
- Property descriptions, sales prices, and costs or other basis for the transactions reported on line 1.
- California Schedules 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 2024, if any.
- Federal Form 1040 or 1040-SR, line 7a, for your federal gain or loss.
- Schedule CA (540NR), where the adjustment from line 12a or 12b is entered.
Questions people ask
How do I calculate a gain or loss 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 2024?
Enter it on line 6 of the 2025 schedule. The form directs you to see the instructions for that line.
What if line 8 shows a net loss?
Go to line 9 and enter 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.
Where does the California adjustment go?
If line 10 is more than line 11, enter the difference on line 12a and Schedule CA (540NR), Part II, Section A, line 7a, column B. If line 10 is less than line 11, enter the difference on line 12b and that same Schedule CA line, column C.