CA and UT capital gain/loss incorrect reporting

[amyonghwee]

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!!!

[MaryK4 · Accepted solution]

California uses all your income but only applies the percentage of California-source income to the tax to determine how much is due.  (You prepare the return "as if" you were a California resident, then apply the percentage of CA income to the total tax for the amount due.)

[amyonghwee]

@MaryK4 Thanks! Checking Schedule CA (540NR) the CA amounts is indeed 0!