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Level 3
May 29, 2022
Question

CA efile reject Sch D loss

  • May 29, 2022
  • 1 reply
  • 11 views

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?

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1 reply

George4Tacks
Level 15
May 30, 2022

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!
GingerUAuthor
Level 3
May 31, 2022

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.