DaveF1006
Expert Alumni

Investors & landlords

It depends. You would only make these adjustments if you identified that you had a RIC Capital Gains distributions that weren't reported on the federal return but should be on the California return. This is rare but sometimes may happen. 

 

In this case, if these dividends were earned and distributed in the same year, no adjustment is necessary.

 

[Edited 04/04/25|4:15 pm PST] 

 

@delooox 

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