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awucherpfennig
Returning Member

Does Turbotax automatically calculate capital gains rates for state taxes as it transfers from federal tax return?

Why do I have to enter long term and shart term capital gains again after transferring to state tax?
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2 Replies

Does Turbotax automatically calculate capital gains rates for state taxes as it transfers from federal tax return?

Some states have special capital gains provisions.  What state are you working with?

Does Turbotax automatically calculate capital gains rates for state taxes as it transfers from federal tax return?

did you enter all the purchase and sales dates?   some states base capital gains rate on period held for each security.  entering various probably prevents TT from doing it correctly but I think you would get a warning when attempting to e-file d state 

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