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April 13, 2025
Question

California 2023 Tax Return Amendment due to incorrectly entered “California Capital Loss carryover from 2022"

  • April 13, 2025
  • 1 reply
  • 0 views

In my 2023 California state tax return, I incorrectly entered “California Capital Loss Carryover from 2022 Return” as $0 instead of $X. I understand, I need to amend my 2023 California State Tax return now. Prior year amended tax return can only be mailed, not electronically filed.

 

The question I have is, for 2024 California State Tax Return, “California Capital Loss Carryover from 2023 Return” will change now based on the amended 2023 California State Tax Return document.

 

Should I go ahead and e-file 2024 California State Tax Return with “California Capital Loss Carryover from 2023 Return” value from amended 2023 California State Tax Return?

 

Even though I will mail the amended 2023 California State Tax Return only tomorrow, so most likely, it won't be processed before 2024 California State Tax Return.

1 reply

April 24, 2025

Yes.  since you are amending the return, it would be best to use the accurate number.  This way, it is 1) be accurate and 2) when you file next year any remaining carryover will be accurate.

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