turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

For CA state taxes under the topic of "other Interest and Dividend Adjustments"

For CA state taxes under the topic of "other Interest and Dividend Adjustments", it asks for

#1) "RIC capital gains earned (in Federal income) ____.  

#2) "RIC capital gains distributed (not in Federal income) ____.  

Do I need to find and enter these amounts or is it already carried over from my imports in Federal taxes?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PatriciaV
Employee Tax Expert

For CA state taxes under the topic of "other Interest and Dividend Adjustments"

No, these amounts should be carried over from your federal return. 

 

You would only enter capital gains reported for the specific types of investments listed below for these questions. Also, the instructions from California indicate that you would enter only capital gains that were earned in one year and distributed in a later year.  

 

The types of Regulated Investment Companies (RIC) are as follows:

  • ETF (Exchange Traded Fund), 
  • REIT (Real Estate Investment Trust,
  • UIT (Unit Investment Trust).

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question