Crisgps
Level 2
04-29-2020
01:00 PM
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Can you help me understand how to do this? Taxpayer has a California net operating loss (NOL) carryover which may need to be recalculated due to a residency status change since the filing of the 2015 California tax return. AB 1115 changed the calculation of California taxable income for taxpayers who change from a resident to nonresident and vice versa. For taxable years beginning on or after January 1, 2002, California NOL carryovers must be recalculated as though the taxpayer had been the current year residency status for all prior years.
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