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Level 3
posted Mar 23, 2025 9:05:16 AM

please help me calculate my long term capital gain

Turbotax calculated form me my long term capital gains in total form 2024.

Because I moved on 7/1/2024 to a different State, I need to manually calculate the portion of LTCG for each State.

In addition to the proceedings from selling stock help for more than 1 year, which other items do I need to include in this calculation?

0 1 1194
1 Replies
Expert Alumni
Mar 24, 2025 10:20:16 AM

It depends. If you sold stock the gain will be reported on the state return where you lived when it was sold. 

 

If you are referring to dividends or interest income, then you can use your statements to determine the income earned during each residency period. If dividends were earned evenly throughout the year, a simple formula can be used by dividing the dividends by 12, then multiply by months of residency in each state.