CA and UT capital gain/loss incorrect reporting
I am an UT resident but have rental properties in CA. For 2024, this means I have to file CA and UT state tax returns.
I have completed my federal tax returns and now working on CA tax returns.
For items such as interest, dividend, etc, there are fields to indicate CA amount which I put as 0. And the forms show these as 0, which are correct.
For stock trading and schedule K-1 from partnership & S-corp, these are 100% attributed to UT state.
When doing Turbotax CA section, I select "Allocate by resident and nonresident ratios".
The next page, for these transactions, under "CA Src As in NR", I entered all "0".
This passes review / check.
I checked the forms and find all the stock trading and schedule K-1 incomes are listed in CA state returns. These should be in UT state instead.
Pls help!!!
