Form 540 Schedule D "California Capital Gain or Loss Adjustment" - California

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Download this version of Form 540 Schedule D for the current year.

What Is Form 540 Schedule D?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California.The document is a supplement to Form 540, California Resident Income Tax Return. As of today, no separate filing guidelines for the form are provided by the issuing department.

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Download Form 540 Schedule D "California Capital Gain or Loss Adjustment" - California

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California Capital Gain or Loss Adjustment
TAXABLE YEAR
SCHEDULE
2020
D (540)
Do not complete this schedule if all of your California gains (losses) are the same as your federal gains (losses).
Name(s) as shown on return
SSN or ITIN
(a)
(b)
(c)
(d)
(e)
Description of property
Sales price
Cost or other basis
Loss
Gain
Example: 100 shares of “Z” Co.
If (c) is more than (b),
If (b) is more than (c),
subtract (b) from (c)
subtract (c) from (b)
1
a
b
c
d
e
f
g
h
i
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2 Net gain or (loss) shown on California Schedule(s) K-1 (100S, 541, 565, and 568). . . . . . . . . . 2
3 Capital gain distributions (federal Form 1099-DIV, box 2a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Total 2020 gains from all sources. Add column (e) amounts of line 1, line 2, and line 3 . . . . . . . . . . . . . . . . . . . . . .
4
5 2020 loss. Add column (d) amounts of line 1 and line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
(
)
6 California capital loss carryover from 2019, if any. See instructions. . . . . . . . . . . . . . . . . . . .
6
(
)
7 Total 2020 loss. Add line 5 and line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
(
)
7761203
Schedule D (540) 2020 Side 1
For Privacy Notice, get FTB 1131 ENG/SP.
For Privacy Notice, get FTB 1131 ENG/SP.
California Capital Gain or Loss Adjustment
TAXABLE YEAR
SCHEDULE
2020
D (540)
Do not complete this schedule if all of your California gains (losses) are the same as your federal gains (losses).
Name(s) as shown on return
SSN or ITIN
(a)
(b)
(c)
(d)
(e)
Description of property
Sales price
Cost or other basis
Loss
Gain
Example: 100 shares of “Z” Co.
If (c) is more than (b),
If (b) is more than (c),
subtract (b) from (c)
subtract (c) from (b)
1
a
b
c
d
e
f
g
h
i
j
k
l
m
n
o
p
q
r
s
t
u
v
2 Net gain or (loss) shown on California Schedule(s) K-1 (100S, 541, 565, and 568). . . . . . . . . . 2
3 Capital gain distributions (federal Form 1099-DIV, box 2a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Total 2020 gains from all sources. Add column (e) amounts of line 1, line 2, and line 3 . . . . . . . . . . . . . . . . . . . . . .
4
5 2020 loss. Add column (d) amounts of line 1 and line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
(
)
6 California capital loss carryover from 2019, if any. See instructions. . . . . . . . . . . . . . . . . . . .
6
(
)
7 Total 2020 loss. Add line 5 and line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
(
)
7761203
Schedule D (540) 2020 Side 1
For Privacy Notice, get FTB 1131 ENG/SP.
For Privacy Notice, get FTB 1131 ENG/SP.
8 Combine line 4 and line 7. If a loss, go to line 9. If a gain, go to line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 If line 8 is a loss, enter the smaller of:
a the loss on line 8.
b $3,000 ($1,500 if married/RDP filing separate). See instructions . . . . .
9
(
)
10 Enter the gain or (loss) from federal Form 1040 or 1040-SR, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11 Enter the California gain from line 8 or (loss) from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 a If line 10 is more than line 11, enter the difference here and on Schedule CA (540), Part I,
Section A, line 7, column B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12a
b If line 10 is less than line 11, enter the difference here and on Schedule CA (540), Part I,
Section A, line 7, column C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12b
This space reserved for 2D barcode
This space reserved for 2D barcode
Side 2 Schedule D (540) 2020
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