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State tax filing
Thanks for the response. Perhaps my posting was not clear enough.
Fed cap gains is taxable in California but TT makes the Fed cap gains a California subtraction (see Sched CA(540) line 7 column B Subtractions. I believe this excludes the amount of cap gains from California taxable income and leads to an underpayment of taxes.
Am I incorrect here?
‎November 17, 2021
1:45 PM