TurboTax handles capital gains taxes for both federal and state returns. In 2021, the State of Washington enacted a new 7% tax on long-term capital gains realized by Washington residents and by nonresidents with respect to certain transactions occurring within the state.
Update:
The Washington State Supreme Court has ruled that the excise tax on capital gains is constitutional and valid. As such, the Department of Revenue will continue collecting the tax which is due on April 18, 2023.
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How to file?
[Edited 03/28/23 | 1:42 PM PST]
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