Schedule D (540nr) - California Capital Gain Or Loss Adjustment - 2015 Page 3
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4• Qualfied Small Business Stock – California does not conform to
Line 9 – If line 8 is a net capital loss, enter the smaller of the loss on
the qualified small business stock deferral and gain exclusion under
line 8 or $3,000 ($1,500 if married or an RDP filing a separate return) .
IRC Section 1045 and IRC Section 1202 . Enter the entire gain realized
Line 12a – Compare the amounts entered on line 10 and line 11 to figure
in column (e) .
the adjustment to enter on Schedule CA (540NR), line 13, column B .
Other 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 less than loss on line 11.
the California law in effect when the asset was acquired, and adjust it
Federal loss on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . .($1,000)
according to provisions of California law in effect during the period of
California loss on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . .($2,000)
your ownership .
Difference between line 10 and line 11 . . . . . . . . . . . . . . . . . $1,000
Line 2 – Net Gain or (Loss) Shown on California Schedule(s) K-1
Gain on line 10 and loss on line 11.
(100S, 541, 565, and 568) . Combine gain(s) and loss(es) from all
Federal gain on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000
California Schedule(s) K-1 (100S, 541, 565, and 568), Share of Income,
California loss on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . .($3,000)
Deductions, Credits, etc . See California Schedule K-1 (100S, 541,
Difference between line 10 and line 11 . . . . . . . . . . . . . . . . . $6,000
565, and 568) instructions for more information on capital gains and
Line 12b – Compare the amounts entered on line 10 and line 11 to figure
losses . Enter the net loss on line 2, column (d) or the net gain on line 2,
the adjustment to enter on Schedule CA (540NR), line 13, column C .
column (e) .
For example:
Line 3 – Capital Gain Distributions. If you receive federal Form 2439,
Loss on line 10 is more than loss on line 11.
Notice to Shareholder of Undistributed Long-Term Capital Gains, from a
Federal loss on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . .($2,000)
mutual fund, do not include the undistributed capital gain dividends on
California loss on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . .($1,000)
Schedule D (540NR) . If you receive federal Form 1099-DIV, Dividends
Difference between line 11 and line 10 . . . . . . . . . . . . . . . . . $1,000
and Distributions, enter the amount of distributed capital gain dividends .
Loss on line 10 and gain on line 11.
Federal loss on line 10 is . . . . . . . . . . . . . . . . . . . . . . . . . . . . .($2,000)
Line 6 – 2014 California Capital Loss Carryover. If you had California
California gain on line 11 is . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000
capital loss carryover from 2014, recalculate those losses as if you
Difference between line 10 and line 11 . . . . . . . . . . . . . . . . . . $7,000
had been a resident for all prior years . Enter this amount on line 6 . Get
FTB Pub . 1100 for more information .
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 the next page to figure your capital loss carryover
to 2016 .
Page 2 Schedule D (540NR) Instructions 2015
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