CA mostly matches up with the federal. CA does not allow a carryback loss like the federal government, which would require an altering of your CA taxable investment gains.
If you have never elected to have a carryback loss and amended prior federal return to account for a carryback loss, you would not be affected.
CA taxes all income as ordinary income, there is no separate short term, or long term rate.
@lostarky2020
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