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I sold a secondary home in CT (my state of residence) but do not see where capital gains tax would be accounted for on my state tax form.
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June 4, 2019
5:02 PM
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Deductions & credits
The Capital Gains were detailed on form 8949 of the federal return, but I do not see where they got transferred to the CT return.
June 4, 2019
5:02 PM
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The form 394 looks like it has been discontinued for a long time. The TSSN-29 is also old. I read in 1994 the capital gains tax was revoked.
<a rel="nofollow" target="_blank" href="https://portal.ct.gov/DRS/Publications/Announcements/1994/AN-94-2">https://portal.ct.gov/DRS/Publica...>
<a rel="nofollow" target="_blank" href="https://portal.ct.gov/DRS/Publications/Announcements/1994/AN-94-2">https://portal.ct.gov/DRS/Publica...>
June 4, 2019
5:02 PM
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Capital Gains info should transfer directly from your Federal return to your Connecticut return.
They are reportable on Form 394.
Here's info from the Connecticut Dept. of Revenue:
https://portal.ct.gov/DRS/Publications/TSSNs/TSSN-29
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June 4, 2019
5:02 PM
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Deductions & credits
The Capital Gains were detailed on form 8949 of the federal return, but I do not see where they got transferred to the CT return.
June 4, 2019
5:02 PM
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Since CT starts with the Federal AGI amount, Capital Gains are already included in that number, so are not specifically detailed on the CT return. <a rel="nofollow" target="_blank" href="https://www.cga.ct.gov/2016/rpt/pdf/2016-R-0186.pdf">https://www.cga.ct.gov/2016/rpt/pdf/2016-R-0186...>
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June 4, 2019
5:02 PM