Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

California Adjustment of Income

Crisgps
Level 2
Can you help me understand how to do this? Taxpayer has a California net operating loss (NOL) carryover which may need to be recalculated due to a residency status change since the filing of the 2015 California tax return. AB 1115 changed the calculation of California taxable income for taxpayers who change from a resident to nonresident and vice versa. For taxable years beginning on or after January 1, 2002, California NOL carryovers must be recalculated as though the taxpayer had been the current year residency status for all prior years.
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
George4Tacks
Level 15

Try this FTB publication https://www.ftb.ca.gov/forms/misc/1100.html#section-j

 


Answers are easy. Questions are hard!