California adjustments - addition

[truemayank]

I have got some short term & long term stock gain in 2017 and have added the in Turbotax as Federal Income using 1099-B information. My question is will there be any extra California adjustments - addition required for this or California adjustments - addition will be $0 for this as it covered in CALIFORNIA ADJUSTED GROSS INCOME (AGI). This is confusing to me.

[CherylW]

It's already taken care of in your CA adjusted gross income EXCEPT for exclusion of gain from the sale of qualified small business stock.  There are also other differences, such as

• sale of certain low-income housing
• sale of personal residence
• sale of personal residence (military)
• regulated investment (RIC) shareholders
• property inherited before January 1, 1987
• capital loss carryforwards.

Scroll down till you see the discussion on capital gains in this:

Differences between Federal and CA

These are the instructions for the CA Adjustment form:

https://www.ftb.ca.gov/forms/2017/17_540cains.pdf