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12-31-2013, 03:36 PM
 Junior Member Join Date: Dec 2013 Posts: 4
completing a CA 540X

I'm doing a CA 540X to fix an omitted 2010 to 2011 tax loss carryover. I've updated Turbotax and have the amended 540 which will increase my refund substantially.

On the 540X, lines 2, a thru d for CA adjustments, the instructions say:

"On line 2a through line 2e, show adjustments to your federal AGI as negative or positive amounts based on differences between California and federal law."

I don't get how to determine if positive or negative.

On the original 540, there are 2 adjustment numbers: subtractions and additions. the subtractions happen to exactly equal my SS benefit. The original addition was a much bigger number, the amended number is \$5. However I do it, I don't see the 540X numbers matching those on either the original 540 or the amended one.

Any suggestions?

Thanks.

01-01-2014, 03:47 AM
 Moderator Join Date: Oct 2010 Posts: 5,241
Quote:
 Originally Posted by Rick I'm doing a CA 540X to fix an omitted 2010 to 2011 tax loss carryover. I've updated Turbotax and have the amended 540 which will increase my refund substantially. On the 540X, lines 2, a thru d for CA adjustments, the instructions say: "On line 2a through line 2e, show adjustments to your federal AGI as negative or positive amounts based on differences between California and federal law." I don't get how to determine if positive or negative. On the original 540, there are 2 adjustment numbers: subtractions and additions. the subtractions happen to exactly equal my SS benefit. The original addition was a much bigger number, the amended number is \$5. However I do it, I don't see the 540X numbers matching those on either the original 540 or the amended one. Any suggestions? Thanks.

01-01-2014, 05:24 PM
 Junior Member Join Date: Dec 2013 Posts: 4
Quote:
OK, that helps, I'm getting closer. I put the numbers in Excel so I can do trial and error. If I set CA 540x line 2a (CA nontaxable income) to zero vs the \$800 on my fed return (pure CA munis) AND set line 2b to zero (state tax refund), then I get exactly the line 15 CA540 AGI on the state form which is adjusted for +/- adjustments. This tells me that the line 540x line 2b refund# is not the 2011 refund, but the 2010 refund that would have been an offset had it not been zero. correct? I thought that refund was my 2011 refund that I'm trying increase in the first place, so I had plugged in that number.

So, guess the question is: 1) leave 540x lines 2a, 2b blank to get the AGI to match my original 540 form line 17? I use Turbotax for my taxes.

thanks for the help!

01-01-2014, 05:45 PM
 Junior Member Join Date: Dec 2013 Posts: 4
Quote:
Thanks for the help, I'm getting closer I think. I find if I leave 540x lines 2a (nontax interest) and 2b (refund) blank, then I exactly match the CA AGI on the original form 540. However, I DID have a refund for 2010 and 11. it's the 2011 refund I'm trying to increase with this amended return.

Any idea why filling in the 2011 refund and \$8K in CA muni income throws the numbers off vs. the original form 540 AGI?

What if I leave them blank and since I'm including supporting documentation in the form of the original and amended 540 and other docs to show the paper trail, if I'm wrong on the 540x, they'd correct it anyway, right?

01-02-2014, 02:16 AM
 Moderator Join Date: Oct 2010 Posts: 5,241
I am not familiar with the return software; i guess you can contact a computer software vendor for more accurate help;

01-02-2014, 01:47 PM
 Junior Member Join Date: Dec 2013 Posts: 4
Quote:
 Originally Posted by Wnhough I am not familiar with the return software; i guess you can contact a computer software vendor for more accurate help;
I decided to leave lines 540x 2a, b blank since it allows all subsequent numbers to match the original return. Am ready to mail now. If there's an error, I'm sure they will correct it as they have in the past.

Thanks for the help, great service.

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