BillM223
Expert Alumni

Get your taxes done using TurboTax

NOTE: California taxes all capital gains as ordinary income! This is why TurboTax asks only for "capital gains" and does not differentiate between long term and short term.

 

The California Instructions for 2024 Instructions for Schedule CA (540) state: "California taxes long and short term capital gains as regular income. No special rate for long term ..."

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