- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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 ..."
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 13, 2025
2:34 PM