- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
State tax filing
CA is looking for CA sourced income to tax. As a resident of CA, ALL capital gain or loss is taxable. It is only part-year or non-residents that need to distinguish the CA portion. Capital gain comes from investment income so that is how it should be reported for CA. CA does not have a separate tax rate for capital gains like the federal.
For example: If you are a nonresident but sold a rental house in CA, you would include the capital gain or loss from the rental sale since it was in CA. However, if the rental was in FL, you would not include it.
**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 22, 2022
9:52 AM