5/2/2023 0 Comments Delete turbotax return![]() Note that according to this answer ( mirror) by Intuit employee TerryA, even though the California Schedule D (540) states "Do not complete this schedule if all of your California gains (losses) are the same as your federal gains (losses)", Turbotax still files it regardless of whether one's California gains (losses) are the same as one's federal gains (losses): ![]() So I match this case, which indeed results in an California Schedule D (540) incorrectly indicating that the "cost or other basis" for my restricted stock unit sales are 0 USD.Īs a result, I want to manually delete or regenerate California Schedule D (540) in TurboTax. ![]() I had indeed initially entered a cost basis of 0 USD (because that's what the 1099-B form provided by E*Trade Securities LLC incorrectly stated), then later entered the correct cost basis: ![]() Manually deleting the form fixed the issue. After I entered the correct cost basis, the D (540) was not automatically removed. This generated a CA Schedule D (540) that should only be filled out when the state capital gains/losses are different than the federal. It turns out that initially entering a cost basis of $0 was the problem. This answer ( mirror) by primus1981 explains that TurboTax is indeed inconsistent in the following case, and the fix is "manually deleting the form":Ī TurboTax CPA rep was able to help me resolve this. My California Schedule D (540) ("California Capital Gain or Loss Adjustment") ( mirror) incorrectly indicates the "cost or other basis" for my restricted stock unit sales are 0 USD, even though federal Form 8949 ("Sales and Other Dispositions of Capital Assets") indicates that the correct, non-0 "cost or other basis". I use TurboTax to file my taxes as a California tax resident. Motivation (TL DR: incorrect cost basis for RSU sale on TurboTax-generated California Schedule D, even though I entered the correct cost basis in the 1099-B form): H&R Block ® is a registered trademark of HRB Innovations, Inc.How can I manually delete or regenerate California Schedule D (540) in TurboTax? I'd prefer not to have to start over the California tax section in TurboTax. TurboTax ® is a registered trademark of Intuit, Inc. Please contact us if you have questions about a deleted account. In order to successfully delete an account, you must enter the email address associated with your account as show below.Ĭheck the tax refund status here of an e-Filed and IRS/State accepted tax return after you have deleted your account.
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