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Get your taxes done using TurboTax
I could not find any documents to back up this info, not from FTB web, Turbotax program, forums or anywhere. Since California does not tax RRSP distribution (considered as invested capital like a saving account, this includes any increase in value, after taxed UNREALIZED GAINS which stay in the account for future distribution)It seems that they would want to tax this increase in value (UNREALIZED) in the year it occurs so that they will not tax it when distributed (withdrawn) . Otherwise,how do they know which capital gain has been taxed and which is not .
Does anybody have any thought or document to clarify this . Thank You
‎January 28, 2024
6:17 AM