Open topic with navigation

CCH Axcess Tax

Gains and Losses on Federal Interview Forms

Gains and/or Losses from Sale of Property California Schedule D - Capital Gains and Losses, Schedule D-1 - Supplemental Schedule of Gains and Losses, Form 3805E - Installment Sales, Form 4684 - Casualty and Theft Gains and Losses (California amounts) and Form 8824 - Like-kind Exchanges (California amounts), are prepared from entries on federal Disposition Worksheets, and also from automatic sale information entered there.

If you enter "FS" and "State" codes on the federal input for gain and loss information, the following combinations of codes are used to prepare these schedules and to determine gains and losses attributable to California:

FS codes are not needed with the automatic sale option - see "Automatic Sale Option" instructions in the federal instruction guide.

You may override the computation of adjustment to ordinary gain/loss on the sale of assets and California net capital gain by making entries on Interview Form CA3.

See Also

California Corporation Return Information