Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- CA efile reject Sch D loss
CA efile reject Sch D loss
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
GingerU
Level 2
05-29-2022
05:34 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I am getting a CA reject saying: A negative loss is not allowed for capital assets on Schedule D. I have confirmed that the loss is shown correctly ($1,500 loss) on both the Fed 1040 and the CA 540 D. I don't see anything incorrect. Anyone else have this issue?
Labels
2 Comments 2
George4Tacks
Level 15
05-30-2022
09:03 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You are using a double negative. Either you have a loss or you have a gain. A negative loss would be a gain. I have this feeling that you input something incorrectly. All of the input should be as positive numbers.
Answers are easy. Questions are hard!
GingerU
Level 2
05-31-2022
12:05 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Actually...I had already checked that and it was not the case.
However, I did find the issue: I had a miscellaneous Adj to the cost which I entered as a positive number but the program carried it to the CA 540 D as a negative in the loss column. I had to actually enter the number with a negative symbol in order to push it correctly to the CA 540 D.
