Article: 50295

Overview

Use California Schedule D (540) only if your California capital gains/losses differ from your federal return.

Common adjustments include property inherited before 1987 and certain sales related to low-income housing or other CA-specific situations.

Add Schedule D (540)

To add the Schedule D (540):

1. Go to the State taxes section.
2. Select I’d like to see the forms I’ve filled out or search for a form.
3. In the drop list, select California.
4. Select the General tab.
5. Select 540/540NR Schedule D – Capital Gain or Loss Adjustment to add and open the form.
6. Complete the form with your applicable information.
7. Click Save to apply changes.