Nora has a capital loss carryover of $1,000. What amount should she report on her California tax return?

The correct amount Nora should report on her California tax return in relation to her capital loss carryover of $1,000 is $1,000. This reflects the amount she is eligible to utilize or carry forward from a previous tax year to offset capital gains in the current year.

In California, capital losses can indeed be carried over to future years if they exceed the limit of capital gains that can be applied in a given year. In this case, she has $1,000 available from a prior year that she can use. She would specifically include this amount in the appropriate section of her tax return where capital gains and losses are reported.

Therefore, the value of $1,000 accurately represents the amount of her capital loss carryover that she should include on her tax return, allowing her to potentially reduce her taxable income in the current year.