Should CA longterm capital gain tax at the state level be 13.3% in 2017? Or lower? The capital gains was $516,000 from the personal property sell.

[JulieS]

Yes, that is correct. California includes capital gains in taxable income and does not have a special tax rate for them. Click here to learn more. 

Your 2017 California tax rate is based on the amount on Form 540, line 19. If that amount is over $551,473 for Single or Married Filing Separately, or $1,102,946 for Married Filing jointly, your tax rate is 13.3%. 

[stephaniemoore89]

Julie, thank you for your response. The longterm capital gains was under $551,473 for personal property and not over. Would CA state tax rate be the same or lower than 13.3%, for Single in 2017? Thanks

[RobertB4444]

Line 19 on the 540 is your total taxable income including the $516,000 in capital gains plus all of your other income.  If that total is over $551,473 then your tax rate is 13.3%.

@stephaniemoore89