Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Nov 3, 2022 10:48:50 AM

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


0 1 329
1 Best answer
Level 15
Nov 3, 2022 1:53:23 PM

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.

1 Replies
Level 15
Nov 3, 2022 1:53:23 PM

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.