No. Your HI tax return is based on your HI income. When you are going through the program, you allocate which income belongs to HI. HI has figured out that your stock losses are not part of your HI income. You may not need to amend - if they correct the issue.
On the other hand, states compare returns. You may need to amend your CA return once HI is settled. A larger tax bill to HI could mean a CA refund for you. Your resident state of CA will allow a tax credit for the double taxed income from HI. The credit will be the lower of the state tax liabilities on the same taxable income. You may owe your resident state, if they have a higher tax rate along with differences in how the taxable income is calculated.
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