BillM223
Expert Alumni

State tax filing

You will need to contact the institution that generated that statement, since we in the Community can't know what they intended. Is "Long Term Capital Gain Dividends" a dividend or a real capital gain?

 

But in a sense, it does not matter. California taxes all capital gains (short-term and long-term) as ordinary income. In addition, California taxes all dividends (qualified or not) as ordinary income.

 

So no matter how you enter them, your California tax return will have the correct numbers.

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