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California capital gains: why the subtraction?
Turbo Tax 2020 takes all my cap gains from Federal Sched D and makes them a subtraction on the California Schedule CA. As a result, by default, my CA return would pay no taxes on the capital gains. This seems just wrong and a Turbo Tax bug. My CPA says there is no reason that the Federal cap gains would not be taxable.
Turbo Tax, can you please explain the behavior?
‎November 17, 2021
1:10 PM