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Deductions & credits
Not sure if you saw the previous response to your post, but the following was previously posted.
No, you do not need to enter anything on line 12a or line 12b. Because you have no adjustments, there is nothing to enter on lines 12a or 12b. CA follows federal law in terms of how to report capital gains and capital losses.
The CA Franchise Tax Board recommends that in connection with reporting capital gains and losses, taxpayers report such items first on their federal return. Capital gains and losses will then transfer to the taxpayers CA return, and if there are adjustments to make, then the CA taxpayer will need to complete CA Schedule D (540). In your case, there were no adjustments to make.
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‎April 17, 2022
5:39 PM