If I sell my US Treasury 2 year Note before its maturity date, is the capital gain taxable in California as a capital gain?

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If the gain is considered capital gain, then it is taxable as such by the states.

Only interest on U.S. obligations is exempt from state taxation.

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If the gain is considered capital gain, then it is taxable as such by the states.

Only interest on U.S. obligations is exempt from state taxation.

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